Vacation May 29 to June 5

dan_s · Post by **dan_s** » Fri May 28, 2021 2:08 pm

Susan & I will be on a vacation next week. I will record my weekly podcast after the markets close today and it will be available for viewing on the EPG website home page Saturday morning.

This is a group trip Susan book 18 months ago.

We will have good internet access and I will be checking my email and the EPG Forum daily. If you need any help with our website send an email to Sabrina at energyprospectus@gmail.com

Our next webinar is set for June 7, hosted by Talos Energy (TALO). Tim Duncan will update us on the status of the Zama Development Project and their big discovery at Puma West.
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BP P.L.C BP announced that it made a significant oil discovery at the Puma West exploration prospect in the deepwater Gulf of Mexico of the United States.

Notably, the well was drilled by BP on behalf of joint holders Chevron Corporation CVX and Talos Energy LLC TALO on the Green Canyon Block 821. BP operates the Puma West with a 50% participating interest, while Talos and Chevron own a 25% interest each.

The discovery was made on the west of the prolific Mad Dog field, which is operated by BP. Located about 131 miles off the Louisiana coast, the exploratory well was drilled at a vertical height of 23,530 feet, with 4,108 feet below the water surface.

In late 2019, BP started to drill and evaluate the Puma West prospect with the help of West Auriga, the ultra-deepwater drillship of Seadrill. In January 2020, drilling was stopped after setting the surface casing below salt and having reached a true vertical depth of roughly 21,500 feet. Notably, BP recommenced the drilling works in the fourth quarter of 2020.

The well encountered significant oil pay in a high-quality Miocene reservoir, which is said to possess fluid properties similar to high-yielding Miocene reservoirs nearby. BP mentioned that the discovery has a high probability for commercial hydrocarbons on the basis of preliminary data. Importantly, BP and partners would initiate an appraisal program to better define the discovered resource.