Kerr-McGee makes deepwater Gulf of Mexico oil discovery

April 19, 2004
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.

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."