Mandy is Mississippi Canyon oil discovery

By OGJ editors
HOUSTON, Mar. 3 -- A group led by LLOG Exploration Co. LLC, Covington, La., private explorer, said the Mandy exploration well on Mississippi Canyon Block 199 is a conventional amplitude oil discovery in the deepwater Gulf of Mexico.

The well went to 7,500 ft true vertical depth in 2,465 ft of water and encountered net oil pay more than 120 true vertical feet thick in a high-quality reservoir. Pressure and samples confirmed the discovery, LLOG said. A follow-up well found a high-quality oil-filled reservoir in a separate fault block with net oil pay more than 100 true vertical feet thick.

Mandy is 45 miles southeast of Venice, La., and just north of Matterhorn oil field.

Scott Gutterman, LLOG’s president and chief executive officer, said, “LLOG’s deepwater Gulf of Mexico program is very well situated for growth with the recent first production of our Mississippi Canyon 72 field and development projects at Green Canyon 141 and Green Canyon 448 slated for start-up later this year.

“With the discovery at Mandy and continued drilling at Mississippi Canyon 503 and 547, which has recently begun, LLOG is positioning itself for significant production and reserve adds going into the future.”

Working interests in the prospect are LLOG 50%, Mariner Energy Inc. 35%, and Apache Corp. 15%. The block was acquired in OCS Lease Sale 206 in March 2008.