BP hits pay on Kaskida

Aug. 31, 2006
BP and partners drilled an oil discovery at the Kaskida prospect on Keathley Canyon block 292.

Offshore staff

HOUSTON -- BP and partners drilled an oil discovery at the Kaskida prospect on Keathley Canyon block 292.

The well, drilled in 5,800 ft of water to a total depth of 32,500 ft, encountered 800 net ft of hydrocarbon bearing sands, according to partner, Anadarko. Appraisal work is planned in late 2006 to help determine the commercial extent of the discovery.

"The Kaskida discovery represents Anadarko's first test of the lower Tertiary play as a primary target, and it is the industry's first announced lower Tertiary discovery in the Keathley Canyon area," says Bob Daniels, Anadarko senior VP of worldwide exploration.

Anadarko has a 25% working interest in Kaskida. BP is operator and 55% owner of the field, and Devon holds a 25% stake.

08/31/06