Kerr-McGee wins Trinidad block

Kerr-McGee Oil & Gas Corp. has completed contract negotiations through its Trinidad and Tobago affiliate for block 3(b) offshore Trinidad and Tobago. Block 3(b) encompasses nearly 160,000 acres in 130-3,000 ft water depth.
July 11, 2005

Offshore staff

Kerr-McGee Oil & Gas Corp. has completed contract negotiations through its Trinidad and Tobago affiliate for block 3(b) offshore Trinidad and Tobago. Block 3(b) encompasses nearly 160,000 acres in 130-3,000 ft water depth.

"This area offers high-impact exploration opportunities in a world-class petroleum system," Dave Hager, Kerr-McGee senior vice president responsible for oil and gas exploration and production, says.

According to Hager, with this acquisition Kerr-McGee continues to enhance its prospect inventory in what it considers to be a high-potential basin. The company is planning to acquire and evaluate 3D seismic of this area. Following seismic data evaluation it expects to drill at least two exploratory wells in the next four years.

Kerr-McGee is operator with 75% of the block while Primera Block 3(b) Ltd., a local subsidiary of CL Financial Ltd., holds the remaining 25%.

07/11/05

Sign up for our eNewsletters
Get the latest news and updates

Related

Offshore leasing uncertainty drives higher energy costs for US consumers, CEA says
Combined cycle power equipment evolving for fixed and floating platforms