BP, ExxonMobil open major pool near Crazy Horse field in Gulf

BP and ExxonMobil Corp. said Tuesday they have a major discovery, Crazy Horse North, in the deepwater Gulf of Mexico 5 miles northwest of Crazy Horse field. They said Crazy Horse would produce 1 billion bbl, making it the largest ever opened in the Gulf.

Feb. 13, 2001

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HOUSTON, Feb. 13�BP and ExxonMobil Corp. said Tuesday they have a major discovery, Crazy Horse North, in the deepwater Gulf of Mexico 5 miles northwest of Crazy Horse field.

BP has 75% and ExxonMobil 25% of both fields. They said Tuesday that Crazy Horse would produce 1 billion bbl, making it the largest ever opened in the Gulf.

Crazy Horse North is on Mississippi Canyon Block 776 and on a separate structure than Crazy Horse. The companies said Crazy Horse North will rank as one of five largest fields in the Gulf.

The wildcat found 581 ft of accumulated hydrocarbons in three intervals. The drillship Discoverer 534 spudded the hole in 5,640 ft of water and took it to 26,046 ft TD last July.

BP said Tuesday the recently completed Crazy Horse 2 appraisal encountered 675 net ft of pay in 3 primary intervals. That well, on Mississippi Canyon Block 822, reached 29,060 ft TD in November. It was drilled by Discoverer Enterprise in 6,300 ft of water 1.5 miles southeast of the discovery.

BP also disclosed the Crazy Horse discovery, drilled on Mississippi Canyon Block 778, found 520 net ft of pay in 3 intervals. Discoverer 534 drilled the hole to 25,770 ft TD in 6,000 ft of water in July 1999. Location was 125 miles southeast of New Orleans.

Plans are underway for a phased development of Crazy Horse. Initial production is expected by 2005 from a 250,000-b/d floating production unit.

ExxonMobil said it leased 100% of two blocks north of Crazy Horse in the Central Gulf of Mexico sale last March. A prospect named Hawkes, on Mississippi Canyon Blocks 508 and 509, will be drilled in the second quarter.