Talos Energy, along with Chevron and bp announced successful drilling results at the Puma West exploration project, located in the U.S. Gulf of Mexico; specifically in the Green Canyon Block 821.
Firstly, the companies drilled the well to a depth of 23,530 feet and was designed to test sub-salt Miocene sands; the companies found high quality oil in the site.
Secondly, fluid properties from the discovered Miocene zone carried similar properties as other productive Miocene reservoirs in the area.
Thirdly, bp and Chevron, which are co-owners of the site, will begin to plan an appraisal program to better define the discovered resource. Also, they have suspended the wellbore to preserve future utility.
On the other hand, Talos, which maintains a working interest in the site of 25%, maintains an interest in over 17,000 gross acres in the Puma West area. While Chevron holds another 25% working interest, and bp the whole other half, with 50%.
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Talos Energy working forward with drilling results
Consequently, the Puma West exploration prospect was evaluated following the farm-in by bp to Talos-owned Green Canyon Block 821 and subsequent farm-in by Chevron. The Puma West discovery is located less than 15 miles from the prolific Mad Dog field; which is also operated by bp.
Moreover, Talos Energy President and Chief Executive Officer Timothy S. Duncan, said. “We are very excited about this discovery as well as the broader potential in this area. Puma West is a great example of the class of high impact catalyst opportunities still available in the U.S. Gulf of Mexico.”
He also added. “Advancements in seismic technology, operational efficiency and also safety at these depths, combined with ample available infrastructure support robust project economics; while also providing material domestic energy resources to consumers with a small environmental footprint.”
Finally, he concluded. “We look forward to working through our results, planning the appraisal and advancing this project to its next phase with bp and Chevron.”