Fossil Energy – Mississippi Canyon
Occidental Petroleum Corporation (Oxy) has made a discovery at the Ocotillo exploration well in Mississippi Canyon 40 in the US GOM.
Murphy Oil, Oxy’s 33.33% partner in Mississippi Canyon 40 where the well is located, shared the news on Thursday in its quarterly report.
According to Murphy, the Ocotillo #1 exploration well found 100 feet of net pay across two zones.
Murphy said the partner group – consisting of Oxy, Murphy, and Chevron – was evaluating the results of the Ocotillo to determine the next steps, plan of development, and was looking forward to advancing the project, which is anticipated to be tied back to a nearby facility operated by Oxy.
During the quarter, Oxy also drilled the Orange #1 exploration well in Mississippi Canyon 216.
The well encountered non-commercial hydrocarbons and has been plugged and abandoned. Oxy holds a 50 percent working interest in the well, while Murphy holds the remaining 50%.
