LAFAYETTE, Louisiana – Stone Energy Corp. has provided an update on the deepwater Parmer prospect located in Green Canyon block 823.
Drilling operations have been completed, and the rig has been released. The well has been logged, and pressure readings and fluid samples have been taken in several Miocene objective sands. The data indicates approximately 240 ft of net condensate-rich gas pay in two gas sands that are full to base, as well as 40 ft of net oil pay in two sands that both encountered oil on water.
The partners plan to analyze the data from this well and develop a plan forward. Stone holds a 35% working interest in the project, and Apache Corp. is the operator.