Oil and gas company Anadarko Petroleum Corp. has announced that it has discovered oil and natural gas at the Lucius exploration well in Keathley Canyon block 875.
Further, the company has also disclosed in a statement that it was its fifth deepwater discovery in the Gulf of Mexico in 2009.
According to the statement issued by the company, “The Lucius well was drilled to a total depth of about 20,000 feet and encountered more than 200 feet of net pay, or rock that can deliver oil and gas to the well.”
The company operates the well and owns around 50% interest in it.
The company added that it will drill a sidetrack appraisal well at the reservoir, which showed a net pay of more than 200 feet.
Plains Exploration & Production Co (PXP.N) holds a 33.33% interest in the well, while Mariner Energy Inc (ME.N) posses 16.67%.
In addition to this, the company had successfully found new supplies off the coasts of Sierra Leone and Brazil this year.
Shares of the company surged 3% to $58.80 per share in pre-market trade.
United Kingdom
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