Home Fossil Energy New oil & & gas discovery turns up in Gulf of Mexico while continuous drilling ops hint another might come quickly
September 5, 2024, by Melisa Čavčić
Houston-based energy gamer Talos Energy has actually verified a discovery of industrial amounts of oil and gas at a block in the U.S. Gulf of Mexico where the company holds a non-operated stake. Because the business is likewise taking part in drilling activities at another possibility in the area, this opens the possibility for more hydrocarbons to be discovered.
Megalodon; Source: Pinnacle Engineering
The drilling activities at the Ewing Bank 953 well (EW 953 well) caused the discovery of business amounts of oil and gas, experiencing around 127 feet of take-home pay in the target sand at around 19,000 feet real vertical depth (TVD).
The initial information is translated to suggest an approximated gross recoverable resource capacity of around 15– 25 million barrels of oil equivalent (MMBoe) from a single subsea well with a preliminary gross production rate of 8– 10,000 barrels of oil comparable each day (MBoe/d). The very first production is anticipated in mid-2026.
Based upon the present strategies, the well will be connected back to the South Timbalier 311 Megalodon host platform, which Talos partly owns. While Walter Oil & & Gas is the operator of the EW 953 well with 56.7% interest, Talos has 33.3% working interest and Gordy Oil Company holds the staying 10% stake.
Joe Mills, Talos Interim President and Chief Executive Officer, commented:”We are thrilled about the outcomes of the Ewing Bank 953 well. The well logged much better than anticipated rock residential or commercial properties, which our company believe ought to result in a robust preliminary circulation rate.
“This discovery follows a series of effective single-well subsea exploitation wells connected back to Talos-owned existing facilities, like Venice and Lime Rock, Sunspear, and Claiborne sidetrack.”
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Published: 8 months ago
Talos concurred to get involved in the Sebastian possibility, where drilling activities kicked off in late August 2024 within the Mississippi Canyon Block 387 of the U.S. Gulf of Mexico, targeting the regionally respected Upper Miocene K-1 tank at roughly 12,000 feet TVD.
According to the U.S. gamer, this amplitude-supported possibility includes an approximated gross resource capacity of 9– 16 MMBoe with a possible preliminary production rate of 6– 10 MBoe/d. The outcomes are anticipated in late 4th quarter of 2024.
Talos declares that the Sebastian possibility will be connected back to the Delta House center, where it has a partial interest, with Murphy Oil Corporation as the operator.
Mills kept in mind: “We had the ability to consist of the Sebastian possibility in our second-half 2024 drilling portfolio without needing updates to our capital investment assistance for the year.
“These drill-ready tasks exhibit our concentrate on tactical, lower-risk chances that can be brought online fairly rapidly and supplement our bigger,
