McMoRan Exploration Co. MMR updated its ultra-deep exploration and
development activities in the shallow waters of the Gulf of Mexico (GOM) Shelf
and onshore in the Gulf Coast area, including in progress flow testing
operations at Davy Jones No. 1, positive drilling results onshore at Lineham
Creek, new logging results from Blackbeard West No. 2 and in progress
operations at Lomond North.
McMoRan today provided an update on the Davy Jones No. 1 production test
currently in progress on South Marsh Island Block 230. As previously reported
in October 2012, McMoRan replaced heavy drilling mud in the hole with clear
completion fluid, which was required to suppress flow in the well while the
final steps were completed. On November 11, 2012, the well was opened for test
and flowed gas into an unmetered atmospheric tank before being flared. To
date, MMR has recovered completion fluids with weights of approximately 9 and
19 pounds per gallon and is initiating operations to inject a barite solvent
into the formation in order to clean out the perforations to achieve a
measureable flow test. McMoRan will provide updates as flow testing operations
progress and a measurable flow test is achieved.
As previously reported, McMoRan has drilled two successful sub-salt wells in
the Davy Jones field. The Davy Jones No. 1 well logged 200 net feet of pay in
multiple Wilcox sands, which were all full to base. The Davy Jones offset
appraisal well (Davy Jones No. 2), which is located two and a half miles
southwest of Davy Jones No. 1, confirmed 120 net feet of pay in multiple
Wilcox sands, indicating continuity across the major structural features of
the Davy Jones prospect, and also encountered 192 net feet of potential
hydrocarbons in the Tuscaloosa and Lower Cretaceous carbonate sections.
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