MMS: 9 deepwater discoveries in 2005

The MMS says there were nine deepwater (greater than 1,000 ft) oil and gas discoveries announced by operators and lessees in the GoM as of Nov. 30, 2005.

Dec 15th, 2005

Offshore staff

(US, GoM) - The MMS says there were nine deepwater (greater than 1,000 ft) oil and gas discoveries announced by operators and lessees in the GoM as of Nov. 30, 2005.

"The deepwater discoveries to date represent a strong continuing success story in the Gulf," said Chris Oynes, MMS regional director for the GoM. "Discoveries like BP's Stones represent a continuing favorable development in the new Paleogene play in the Walker Ridge area."

The MMS reports that in the week ending December 2, there were nine rigs drilling in 5,000 ft of water or greater, up from seven in the same period one year ago.

The MMS also notes that Chevron and Unocal had reached a new drilling record in the Gulf at 32,968 ft drilling depth at the Knotty Head prospect in Green Canyon block 512. This broke the old record set by Shell at 32,727 ft.

12/15/05

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