Nexen's exploration well on the Ringo prospect encountered approximately 150 ft of net gas pay, according to final well logs.
Offshore staff
US, GoM -- Nexen's exploration well on the Ringo prospect encountered approximately 150 ft of net gas pay, according to final well logs.
Ringo is located in Mississippi Canyon block 546 in 2,500 ft of water, approximately 120 mi northeast of the Nexen-operated Aspen field.
The Ringo discovery was drilled by theTransocean Amirante semisubmersible to a total depth of 12,808 ft. The operator indicates that it is currently installing a production liner and evaluating tie-back options to nearby facilities. The field's pre-drill reserves were estimated at 60-170 bcfe and will be confirmed with additional drilling.
Nexen is the operator of the block with a 50% working interest; ENI SPA holds the remaining 50% interest.
