BP finds Paleogene pay at Gila

Offshore staff

HOUSTON – BP has made what the company deemed a “significant” find at the deepwater Gulf of Mexico Gila prospect.

Gila is the third discovery for BP in the emerging Paleogene trend, after Kaskida, in 2006, and the 2009 Tiber discovery.

The Gila exploration well was drilled in 4,900 ft (1,494 m) on Keathley Canyon block 93. Drilled to a total depth of 29,221 ft (8,907 m), the well encountered multiple Paleogene reservoir sands, BP said.

“Gila continues our successful drill out of the prolific Paleogene play system in the deepwater Gulf of Mexico,” said BP Global Head of Exploration Mike Daly. “Subject to successful appraisal, Gila, Tiber and Kaskida together offer the potential for significant future oil developments in the Keathley Canyon area.”

ConocoPhillips is a partner in Keathley Canyon block 93 with 20% interest.

12/18/2013

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