Chevron's Big Foot appraisal successful

Chevron has completed its Big Foot appraisal well on Walker Ridge 29 in over 5,000 ft (1,524 m) of water 225 mi (362 km) south of New Orleans and 180 mi (290 km) offshore.

Offshore staff

SAN RAMON, California-- Chevron has completed its Big Foot appraisal well on Walker Ridge 29 in over 5,000 ft (1,524 m) of water 225 mi (362 km) south of New Orleans and 180 mi (290 km) offshore. The appraisal well, Big Foot No. 3, Sidetrack No. 2, confirmed the pay intervals of the discovery and sidetrack wells, and found the main pay sand full of oil to the base, says the company.

Chevron says the appraisal well reached a measured depth of 25,113 feet (7,654 m) including water at a location to the northwest of, and deeper than, the previous wells.

Chevron holds a 60% working interest in Big Foot with partners StatoilHydro (27.5%), and Shell Gulf of Mexico Inc. (12.5 %).

2/1/08

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