Australia based oil & natural gas exploration company Byron Energy has initiated drilling operations at SM58 011 well at Cutthroat Prospect.
This is the company’s first well on SM58 Block in Gulf of Mexico.
Byron Energy said that the Enterprise 263 jack-up drilling rig has initiated drilling operations on the Byron operated SM58 011 well, the company’s first test well on its recently acquired South Marsh Island 58 (SM58) block.
Byron previously announced that, the SM58 011 well will test Byron’s Cutthroat Prospect, targeting the highly productive normally pressured O Sands which account for about half of the 35 million barrels of oil produced on SM58 since production began in 1964.
The SM58 011 well will be operated by Byron and will be drilled to a depth of 11,466 feet Measured Depth (MD) (10,418 feet true vertical depth) and is expected to take approximately one month to drill and evaluate from the time the rig is on location.