Total to sell Virgo field interest
Offshore staff
HOUSTON -- Total is selling its interest in the Virgo field in the Gulf of Mexico.
The company is offering its operated 64% working interest in two leases, Viosca Knoll blocks 822 and 823. The field produces in 1,130 ft (344 m) water depth from multiple stacked reservoirs of Pliocene to Miocene age. Five wells currently produce from a fixed platform. Upside potential includes returning shut-in wells to production, behind pipe recompletions, new well locations, and deep potential. Current net production is 7.7 MMcfe/day (82% gas weighted).
07/29/2008