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%.
There was 1.3 million barrels per day (bbl/d) of oil production off line in the U.S.-regulated areas of the GoM on July 15, about 80,000 barrels less than on July 14, according to the U.S. Bureau of Safety and Environmental Enforcement (BSEE).
Move is designed to pressure Greek Cypriot government to accept a cooperation proposal by Turkish Cypriots.
Israel’s energy ministry said the new activity will help position the country as a regional energy hub. But the results were not much of a rebound from a disappointing round two years earlier when, again, just two groups placed bids.