Chieftain International, Inc. has participated in five recent offshore natural gas discoveries in the US Gulf of Mexico. The Company also reported on current development activity that will add natural gas production from several new fields.
On South Timbalier 250, an exploratory well was drilled to a depth of 5,500 feet and logged approximately 60 net feet of natural gas pay in Pleistocene age sands.
Plans are under way to connect this discovery to third- party production facilities, with initial production anticipated during the first quarter of 2001. Additional locations will be drilled in the near term on South Timbalier 251. Chieftain has a 50 percent working interest in both blocks.
The exploratory West Cameron 614 No. A-2 well, drilled to a depth of 12,600 feet, encountered 75 feet of natural gas pay in Pleistocene sands. The well is being completed and will be tied-in to the production platform on West Cameron 613 where a successful natural gas well was drilled in 1999.
Initial production from these blocks is anticipated later this month. The Company's working interest in both blocks is 25 percent.
At West Cameron 370, two successful exploratory natural gas wells have been drilled to approximately 7,500 feet and cased for completion. A third exploratory well is currently being drilled. A platform has been purchased and will be refurbished and installed for production which is expected to commence in the first half of 2001. Chieftain has a 40 percent working interest in this project.
A successful natural gas exploration well recently drilled at East Cameron 104 to a depth of 8,700 feet encountered 50 feet of Miocene age reservoir sands. Plans are under way for facility design and installation with initial production anticipated in the first half of 2001. A second well is currently drilling. The Company has a 40 percent working interest in the block.
First production commenced October 24, 2000 from a discovery made early in the year on West Cameron Block 300. The well is currently producing at a gross rate of 12 mmcf per day at a flowing tubing pressure of 3170 pounds per square inch. Chieftain has a 35 percent working interest and operates the well.
Completion of two wells at Matagorda Island 704, two wells at West Cameron 613/614 and one Chieftain-operated well at High Island A-530 is under way with anticipated first production to occur in the fourth quarter. Chieftain has working interests in the above blocks of 25 percent, 25 percent and 75 percent, respectively.
© 2000 Mena Report (www.menareport.com)