Anadarko Petroleum Corp. has a deepwater discovery on their Spiderman prospect in the Eastern Gulf of Mexico.
The discovery well was drilled in 8,100 ft of water to a total depth of 18,065 ft targeting Middle Miocene sands between 14,000 and 17,000 ft. It encountered more than 140 ft of net pay in its two primary targets, meeting pre-drill expectations. The well is located on DeSoto Canyon block 621, about 180 mi southeast of New Orleans.
Partners with Anadarko include Dominion Exploration & Production Inc. and Spinnaker Exploration Co.
Evaluation and appraisal is ongoing and includes log analysis and core, pressure, and fluid sampling. The partnership plans to immediately drill a sidetrack well at Spiderman to take conventional cores and complete the well in a higher structural position.
"Anadarko made an early commitment to the Eastern Gulf, and we're seeing that pay off with our third discovery there this year," said Jim Emme, Anadarko vice president, exploration. "We have a large inventory of prospects in the Eastern Gulf and we expect this area to become an important part of Anadarko's worldwide growth portfolio."
Spiderman is expected to be tied back as a satellite to a hub production facility. Anadarko, its partners, and other operators in the area are evaluating development scenarios, including a regional hub to handle production from several deepwater discoveries. A central hub could service a large area, including Anadarko's Atlas and Jubilee discoveries.
"We believe our existing discoveries support a commercial project, and with each new discovery, the economics of producing from the Eastern Gulf just get better and better," Emme added.
Anadarko is the operator and holds a 45% working interest in the project. Dominion holds 36.67% and Spinnaker Exploration 18.33%.
11/13/03