CALGARY, Canada – ExxonMobil Exploration and Production Liberia Ltd. has begun drilling the deepwater Mesurado-1 exploration well, according to partner Canadian Overseas Petroleum Ltd. (COPL).
Using the Seadrill drillship West Saturn, the well is targeting oil in Late Cretacous sands. It is in about 2,500 m (8,202 ft) of water.
Mesurado-1, located about 50 mi (80 km) offshore on block LB-13, is said to be Exxon’s first well operated offshore Liberia. The company negotiated its entrance into the Liberia block in 2011 from COPL’s wholly-owned subsidiary, Canadian Overseas Petroleum (Bermuda) Ltd.
Block LB-13 comprises more than 625,000 acres (2,500 sq km), 18 mi (30 km) offshore Liberia in water depths ranging from 250 to 10,000 ft (75 to 3,000 m).
Canadian Overseas Petroleum (Bermuda) Ltd. holds a 17% interest in block LB-13.