HOUSTON –W&T Offshore, Inc. has provided an update on its Gulf of Mexico shelf operations at Ship Shoal 300, Main Pass 286 and South Timbalier 224, and also issued production guidance.
The company says that its recently drilled Ship Shoal 300 B-5 ST exploratory well was successful and achieved first production in mid-November. The well logged 173 ft of hydrocarbon pay in multiple stacked oil sands in a previously undrilled fault block, successfully extending the aerial limits of the field. The well was completed as a dual-zone completion and achieved a peak initial production rate of approximately 1,100 Bboe/d (95% oil) from the initial two completion intervals, and is set up and equipped for additional future behind-pipe recompletions in these newly penetrated multiple stacked oil sands.
W&T says that the SS 300 B-5 ST well has outperformed its pre-drill expectations on rate, reserves, and value. In addition, the new higher rate from the B-5 well is projected to extend field life several years more than previously estimated, adding significant reserves and value to the overall Ship Shoal 299 field (which includes the SS 300 block). W&T holds a 79% working interest in and is the operator of this Gulf of Mexico shelf well.
The Main Pass 286 #1 exploratory well has reached total depth of 14,562 ft and has logged 112 ft of oil pay. The well is currently being temporarily abandoned in preparation for completion and tieback. The well is in an open water location and will be produced to W&T’s Main Pass 283 facility. The company says that it expects first production within the next 12 to 15 months.
The South Timbalier 224 #1 exploratory well recently reached target depth of 10,900 ft and has been deemed non-commercial. W&T holds a 39% working interest in and is the operator of this Gulf of Mexico shelf well. W&T says that this is its only dry hole in the last several years.
W&T also says that it is currently drilling theShip Shoal 349 (Mahogany) A-17 well, and that a rig is being mobilized to its Viosca Knoll 823 (Virgo) platform in approximately 1,100 ft water depth to begin a three-well drilling campaign in this deepwater program.
12/21/2017
