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Exploration Success in the U.S. Gulf of Mexico

Source: www.gulfoilandgas.com 1/19/2021, Location: North America

Kosmos Energy has announced an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration ('ILX') well (Kosmos working interest 17.5%).

Winterfell was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approx. 26 meters (85 feet) of net oil pay in two intervals.

Andrew G. Inglis, Kosmos Energy’s chairman and chief executive officer said:

'We are pleased to have started the New Year with exploration success at Winterfell validating our proven basin exploration strategy, which is focused on low cost, short cycle, low carbon development solutions. The Winterfell well was funded by a portion of the proceeds from the partial sale of our frontier exploration portfolio. The well in Green Canyon Block 944 de-risks prospectivity in several neighboring blocks held by Kosmos, with approx. 100 million barrels of gross potential within Kosmos’ acreage position.'

The Winterfell well is located in approx. 1,600 meters (5,300 feet) of water and was drilled to a total depth of approx. 7,000 meters (23,000 feet). An affiliate of Beacon Offshore Energy is operator of the Winterfell well. Additional interest owners include Red Willow Offshore, Ridgewood Monarch North, CSL Exploration, CL&F Offshore, Houston Energy, Beacon Offshore Energy Exploration, and Beacon Asset Holdings. Kosmos will now work with partners on an appraisal plan and development options. The discovery is located within tie back distance to several existing and planned host facilities.

The company also plans to drill the Zora ILX well in the Gulf of Mexico later in the year.

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