Anadarko Petroleum has announced that it has struck oil at its Caesar-Tonga development in the Gulf of Mexico. Although current production rates have yet to be disclosed, the project is expected to ramp up to 45 000 bpd across the three wells in the area. Total estimated recoverable reserves are approximately 200 million to 400 million bbls. A fourth well is also being drilled and is expected to be completed some time this year.
Production was originally scheduled for the middle of last year, but delays were caused by an issue with a riser system that was deemed by the company’s Senior Vice President, Chuck Meloy, as “not fit for service.”
The development is a subsea tie-back to another project operated by Anadarko, the Constitution Spar. The Constitution Spar, which began production in 2006, has a capacity of 70 000 bpd and 200 million ft3/d.
The announcement of this most recent discovery comes just as Anadarko announced its plans to spend approximately US$ 6.6 – 6.9 billion on development this year.
Read the article online at: https://www.oilfieldtechnology.com/exploration/13032012/anadarko_hits_oil_at_caesartonga/