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BP, with co-venturer ConocoPhillips, has discovered oil at the Gila prospect in the deepwater Gulf of Mexico (GOM). This is BP’s third discovery and ConocoPhillips’ fourth...

BP makes discovery at Gila prospect in GOM

BP, with co-venturer ConocoPhillips, has discovered oil at the Gila prospect in the deepwater Gulf of Mexico (GOM). This is BP’s third discovery and ConocoPhillips’ fourth discovery in recent years in the emerging Paleogene trend in the GOM.

BP has previously announced two other Paleogene discoveries in the GOM – Kaskida in 2006 and Tiber in 2009.

The Gila discovery was made by an exploration well on Keathley Canyon Block 93, about 300 miles southwest of New Orleans, in approximately 4,900 ft of water. The well, which penetrated multiple Paleogene-aged reservoir sands, was drilled to a total depth of 29,221 ft. Appraisal drilling, including completion of drilling through the Paleocene section, will be required to determine the size and potential commerciality of the discovery

“The Gila discovery is a further sign that momentum is returning to BP’s drilling operations and well execution in the Gulf of Mexico,” said Richard Morrison, regional president of BP’s GOM business.

Mike Daly, BP’s global head of exploration, said: “Gila continues our successful drill out of the prolific Paleogene play system in the deepwater Gulf of Mexico. Subject to successful appraisal, Gila, Tiber and Kaskida together offer the potential for significant future oil developments in the Keathley Canyon area.”

BP owns a majority interest in the Gila with ConocoPhillips as a 20% interest owner. The discovery is located approximately 25 miles west of Tiber, also located in the Keathley Canyon area. The lease for Keathley Canyon Block 93 was acquired in the Western GOM Lease OCS Sale 187 in 2003.

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