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%.
Decommissioning is an important part of securing a long-term future for the whole of the energy industry.
Ingenuity and innovation are delivering steady growth in the U.S. Gulf of Mexico oil and gas industry.
BLM had previously delayed oil and gas lease sales in Utah, Mississippi, Nevada and Colorado expected this month, as well as a major sale in New Mexico in late May.