By OGJ editors
HOUSTON, Apr. 19 -- Kerr-McGee Corp. reported Monday the discovery of more than 250 ft of net high-quality hydrocarbon pay, primarily oil, with its Ticonderoga discovery well and initial sidetrack drilled on Green Canyon Block 768 in the deepwater Gulf of Mexico.
The Oklahoma City-based independent estimates that Ticonderoga, spudded on Mar. 21 and drilled to 13,556 ft TMD in about 5,250 ft of water, offers potential resources of 30-50 million boe.
Operator Kerr-McGee and Noble Energy Inc. hold equal shares in the Ticonderoga well, which could be developed as a subsea tieback to Kerr-McGee's wholly owned Constitution truss spar facility to be installed just 5 miles north of area.
"A sidetrack confirmed the down-dip limit of this reservoir," Kerr-McGee said. "Currently, the company is performing reservoir modeling, with plans to carryout additional appraisal work this year."
