Statoil Strikes Oil at Gulf of Mexico’s Yeti Prospect

The Maersk Developer drilling rig. Photo: Jonathan Bachman/Statoil

Statoil announced today that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico.

The Yeti discovery was made in Walker Ridge (WR) block 160, which is located approximately 9 miles south of the Big Foot field, and 7 miles from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years.

“The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” says Jez Averty, Statoil’s SVP of Exploration for North America. “We are analyzing data to determine the size of the discovery in order to consider future appraisal options.”

Yeti was drilled with the Maersk Developer drilling rig, a sixth generation semi-submersible. Statoil reports that its drilling efficiency with Yeti was among the best of any well drilled in Walker Ridge, achieving a rate of approximately 123 metres (400 feet) per day.

The rig has moved on and is currently drilling Statoil’s Thorvald prospect in Mississippi Canyon block 814.

Statoil is the operator (50%) of Yeti, and its partners are Anadarko (37.5%) and Samson (12.5%).

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