ConocoPhillips COP today announced another oil discovery in the
deepwater Gulf of Mexico. The WR98-1 Coronado wildcat exploration well
encountered more than 400 feet of net pay. On March 19, 2013, ConocoPhillips
announced an oil discovery at the nearby WR51-2 Shenandoah appraisal well that
encountered more than 1,000 feet of net pay in high-quality Lower
Tertiary-aged reservoirs. ConocoPhillips holds a 30 percent working interest
in Shenandoah.
The Coronado well, located in Walker Ridge Block 98, was drilled to a total
depth of 31,866 feet, in 6,127 feet of water. The well is located
approximately 190 miles off the coast of Louisiana and approximately 12 miles
southeast of the Shenandoah discovery. Results from the Coronado well are
still being evaluated, and additional appraisal will be needed to determine
the full extent of the resource. ConocoPhillips holds a 35 percent working
interest in Coronado. Other co-owners are Chevron Corporation CVX, 40
percent working interest and operator; a subsidiary of Anadarko Petroleum
Corporation APC, 15 percent; and Venari Offshore LLC, 10 percent.
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