Freeport-McMoRan expects initial Horn Mountain Deep GoM production in 2017

Offshore staff

HOUSTON Freeport-McMoRan says it expects initial production from its Horn Mountain Deep discovery in the Gulf of Mexico some time during the first half of 2017.

The company further expects the discovery well combined with two development wells to be drilled could produce a total of 30,000 boe/d.

The Horn Mountain Deep discovery well was drilled to a TD of 16,925 ft (5,159 m). FM O&G said that logging-while-drilling indicated a total of approximately 142 net ft (43 net m) of Middle Miocene oil pay with excellent reservoir characteristics.

In addition, these results indicate the presence of sand sections deeper than known pay sections in the field.

The success at Horn Mountain Deep follows the positive drilling results announced in July from three wells drilled in the Horn Mountain area, including the Quebec/Victory, Kilo/Oscar, and Horn Mountain Updip tieback prospects. In aggregate, these wells may be capable of producing more than 27,000 boe/d, with initial production expected in mid-year 2016.

09/29/2015

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