McMoRan's Flatrock sidetrack logs more pay

May 23, 2008
McMoRan's Flatrock No. 3 delineation well in South Marsh Island block 212 has been sidetracked to 18,175 ft (5,540 m) and has logged additional pay in the Operc section.

Offshore staff

NEW ORLEANS -- McMoRan's Flatrock No. 3 delineation well in South Marsh Island block 212 has been sidetracked to 18,175 ft (5,540 m) and has logged additional pay in the Operc section.

Wireline logs confirmed that the well encountered additional zones below 17,100 ft (5,212 m) totaling 130 net ft (40 m) of hydrocarbon bearing sands over a combined 250-ft (76-m) gross interval. These pay zones are in addition to the previously announced zones that totaled 126 net ft (38 m) of pay above 17,100 ft (5,212 m) in the Rob-L and Operc. In aggregate, the well has encountered 256 ft (78 m) of net pay. Drilling continues to a proposed total depth of 18,800 ft (5,730 m) to evaluate deeper Operc targets, according to the company.

Flatrock No. 2 well was tested at a gross rate of 114 MMcfe/d and is expected to begin production mid-year. The Flatrock No. 4 development well is currently drilling below 13,000 ft (3,962 m) to a proposed total depth of 18,500 ft (5,639 m).

Meanwhile, the company's South Timbalier block 168 No. 1 wellbore, formerly known as the Blackbeard West No. 1 ultra-deep exploratory well, has been drilled to 31,943 ft (9,736 m). McMoRan is preparing to evaluate the well with wireline logs. Following logging operations, the company plans to deepen the well, which has been permitted to 33,000 ft (10,058 m). Wireline logs have indicated that the well has encountered a potential hydrocarbon bearing zone above 30,964 ft (9,438 m).

05/23/2008

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