BP, ConocoPhillips make GoM oil discovery

BP

BP and ConocoPhillips have made a significant oil discovery at their Gila prospect, which they co-own in the deepwater US Gulf of Mexico.

The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles southwest of New Orleans, Louisiana, approximately 4,900 feet of water.

The well, which penetrated multiple Paleogene-aged reservoir sands, was drilled to a total depth of 29,221 feet. Appraisal drilling, including completion of drilling through the Paleocene section, will be required to determine the size and potential commerciality of the discovery.

BP owns a majority interest in the Gila discovery, which is located 25 miles west of Tiber, also located in the Keathley Canyon area. The lease for Keathley Canyon Block 93 was acquired in the Western Gulf of Mexico Lease OCS Sale 187 in 2003.  

 

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