Equinor Finds Oil at Monument Prospect in U.S. Gulf of Mexico
04.20.2020 By Greta Talmaci - NEWS

April 20, 2020 [Offshore Engineer] – Norwegian oil firm Equinor, with partners Progress Resources and Repsol, has made an oil discovery in the Monument exploration well in the US Gulf of Mexico.

The Monument exploration well found approximately 200 feet (c. 60 meters) of net oil pay with good reservoir characteristics in Paleogene sandstone. This provides an early indication of the productive reservoir interval at the well location, Equinor said Monday.

The offshore well was drilled to a total depth of 33,348 feet (10,164 meters) using the Pacific Khamsin drillship.

“We are pleased to have proved an accumulation of movable hydrocarbons in the Monument exploration well. However, determining the full potential of the discovery will require further appraisal drilling,” said Bjørn Inge Braathen, senior vice president of Exploration in North America.

The Monument exploration well is located in the central US Gulf of Mexico. It is operated by Equinor (50%) with partners Progress Resources USA Ltd (30%) and Repsol E&P USA Inc. (20%).

Monument is Equinor’s first operated exploration well in the US Gulf of Mexico since 2015.

According to Pacific Drilling, the Pacific Khamsin drillship will now move to drill for Total in the U.S. Gulf of Mexico until July. Equinor will take the rig back in August.

————-

Click Here to Access Today a 4,900 Tank Terminal Database With a Pro Trial
Click on the button and register to get instant access to actionable tank storage industry data

Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firm could consider offering a ... Read More
China Crude Oil Imports Set for November Rebound, But It's Price not Demand
11.21.2024 - NEWS
November 21, 2024 [Reuters]- China’s crude imports are on track to rebound in November to t... Read More