Kosmos’ Gulf of Mexico well proves to be water-bearing

U.S.-based oil and gas company Kosmos Energy has completed drilling the Resolution exploration well in the U.S. Gulf of Mexico. The primary exploration objective proved to be water-bearing. 

Source: Kosmos

Kosmos has 50% interest in the project and BP has the other 50% interest.

Kosmos said on Tuesday that the Resolution was designed to test an amplitude-supported sub-salt prospect in the underexplored western Garden Banks area. The well encountered reservoir quality sands; however, the primary exploration objective proved to be water-bearing.

The well will now be plugged and abandoned and the well results integrated into the ongoing evaluation of the surrounding area.

Kosmos expects to spud the Oldfield prospect in early December with results in the first quarter of 2020. Kosmos has a 40% interest in this well and Hess has a 60% interest.

In addition, Kosmos said it continued to high grade its multi-year infrastructure-led exploration prospect inventory in the Gulf of Mexico with further three wells expected in 2020.

The Resolution well was located in approximately 600 meters of water and was drilled to a total depth of approximately 7,700 meters. Kosmos expects to record approximately $55 million of exploration expense in the fourth quarter related to the drilling of the Resolution exploration well.

It is also worth reminding that, earlier in November, Kosmos said it had failed to find oil at its Moneypenny prospect in the U.S. Gulf of Mexico. The Moneypenny prospect was drilled in Mississippi Canyon Block 214 in late October 2019.

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