Stone Energy’s deepwater Cardona field in Mississippi Canyon Block 29 is currently producing at a gross rate of approximately 10,000 boe/d via its first two wells, which began flowing late in the fourth quarter of last year to its 100%-owned Pompano platform in Viosca Knoll Block 989. The operator plans to spud a third development well, Cardona-6, in the second quarter of this year using the Ensco 8503 rig. Drilling and completion operations are expected to take four months. Stone holds a 65% working interest in the Cardona project as operator.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
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