(Source: Datamonitor)
Newfield Exploration Company, an independent crude oil and natural gas exploration and production company, has the Pyrenees and Winter discoveries in the deepwater Gulf of Mexico.
The Pyrenees discovery, located in approximately 2,100ft of water in Garden Banks Block 293, encountered approximately 125ft of net hydrocarbon pay in three separate intervals. The well was temporarily abandoned and the partners are working on field development plans.
Delineation drilling is planned for the second half of 2009. Newfield operates the development with a 40% working interest. Additional partners include: Stone Energy with 15% interest, Ridgewood Energy with 15% interest, Arena Exploration with 15% interest and Deep Gulf Energy with 15% interest.
The Winter discovery, located in approximately 3,400ft of water in Garden Banks Block 605, encountered approximately 44ft of net hydrocarbon pay in two sands. The well was temporarily abandoned and various development options are under consideration.
Newfield is operator and has a 30% working interest in Winter. Additional partners include: Apache with 25% interest, Deep Gulf Energy with 25% interest and Royal Offshore with 20% interest.
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