Appraisal Well Confirms Kaski

RNS Number : 5721C

BP PLC

16 November 2009

 



press release

November 16, 2009

APPRAISAL WELL CONFIRMS WESTERN EXTENSION OF

THE KASKIDA FIELD IN THE GULF OF MEXICO

BP today confirmed that an appraisal well to test a western extension of the Kaskida field has confirmed oil in Lower Tertiary reservoirs five miles to the west of the Kaskida discovery well. The well, drilled to a total depth of 32,500 feet, is located in Keathley Canyon block 291 in 5,675 feet of water and 250 miles southwest of New Orleans. 

Appraisal activities will continue with a WATS (wide azimuth towed streamer) seismic acquisition survey in early 2010 and a well test in 2011.

"This well builds on the success of our recent Tiber discovery to further strengthen BP's leading position in the emerging Lower Tertiary play in the US Gulf of Mexico," said Andy Inglis, chief executive, Exploration and Production, "and supports the continuing growth of our deepwater Gulf of Mexico business into the second half of the next decade."

Kaskida is operated by BP, with a 70 per cent working interest, with co-owner Devon (30 per cent).

Further information:

David Nicholas, BP press office, London:    [phone]

Daren Beaudo, BP press office, Houston:    [phone]

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