Otto Energy said June 13 the upper DTR-10 target of the Talos Energy-operated Bulleit oil appraisal well in the U.S. Gulf of Mexico has been confirmed as commercial.
“The petrophysical evaluation of the DTR-10 sands have confirmed a new commercial discovery, with excellent rock properties and high quality oil,” Matthew Allen, managing director for Otto, said in a statement. “Upon the conclusion of the drilling operations, the well will be suspended as a future producer, with completion and hook-up operations in 2020.”
The current development plan is a subsea tieback to the Talos-operated Green Canyon 18 platform.
Drilling to test the deeper MP sand requires a sidetrack around a compromised hole section, Otto added. Sidetrack operations are expected to take about seven days to drill and cement 11 7/8-in. liner in the new hole solution. Drilling from the liner to total depth is expected to take another 15 days, the company said.
Talos holds a 50% interest in Green Canyon 21, where Bulleit is located. Otto holds 16.67%, while EnVen Energy Ventures holds 33.33%.
Recommended Reading
Midstreamers Say Need for More Permian NatGas Pipelines Inevitable
2024-11-26 - The Permian Basin’s associated gas output could outstrip the region’s planned capacity well before the end of the decade, pipeline company executives said.
Williams Completes Mid-Atlantic Transco Expansion Project
2024-12-30 - Williams Cos.'s Transco Southside Reliability Enhancement project is now online.
High Court Hears Potentially Influential Uinta Basin Case
2024-12-11 - U.S. Supreme Court justices heard arguments over a Utah railroad that could have big implications for the energy sector’s adherence to environmental requirements.
Enterprise Opens Fuel Storage, Distribution Terminal in Utah
2024-10-29 - Enterprise Products Partners’ newly converted Texas Western Products system relies on old NGL pipeline networks.
EIV Capital: Opportunities Abound for Investors in Midstream Sector
2024-11-01 - Here are the metrics that midstream financiers look for in a mature industry.