bp discovers oil at Far South prospect, deepwater U.S. Gulf

On April 14th, bp confirmed a significant oil discovery at the Far South prospect in the deepwater U.S. Gulf of Mexico, marking a major milestone in the company’s exploration efforts within one of the world’s most productive offshore regions.

The exploration well was drilled in Green Canyon Block 584, located in the western part of Green Canyon, approximately 120 miles off the Louisiana coast, in 4,092 feet of water. The well reached a total depth of 23,830 feet. bp holds a 57.5% operating interest in the Far South prospect, with Chevron U.S.A. Inc. holding the remaining 42.5%.

Both the initial well and a subsequent sidetrack encountered oil in high-quality Miocene reservoirs. Preliminary data indicates the presence of potentially commercial volumes of hydrocarbons, suggesting a promising future for the development of the site.

The discovery highlights bp’s continued focus on leveraging advanced seismic imaging and deepwater drilling techniques to unlock new reserves in the Gulf of Mexico.

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