ExxonMobil adds to Keathley Canyon success

Offshore staff

IRVING, Texas – ExxonMobil Corp. has announced two major oil and one gas discovery in the deepwater Gulf of Mexico in its first post-moratorium exploration work.

Well KC919-3 in Keathley Canyon block 919 encountered more than 475 ft (145 m) of net oil pay and a minor amount of natural gas in predominantly Pliocene sandstone reservoirs. Drilling continues to deepen the well.

Drilling in early 2010 encountered oil and natural gas at Hadrian North in KC919 and extending into KC918, with more than 550 ft (168 m) of net oil pay and a minor amount of gas in high-quality Pliocene and Upper Miocene sandstone reservoirs.

ExxonMobil found 200 ft (61 m) of natural gas Pliocene plan at its Hadrian South prospect in Keathley Canyon block 964 in 2009.

“We estimate a recoverable resource of more than 700 MMboe combined in our Keathley Canyon blocks,” said Steve Greenlee, president of ExxonMobil Exploration Co. "This is one of the largest discoveries in the Gulf of Mexico in the last decade. More than 85% of the resource is oil with additional upside potential."

ExxonMobil is the operator of KC918, KC919, KC963, and KC964 with 50% working interest. Eni Petroleum US LLC and Petrobras America Inc. each hold a 25% working interest in KC919, KC963, and KC964. Petrobras America Inc. holds a 50% working interest in KC918.

06/08/2011



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