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Deepwater Gulf of Mexico 2004: America's Expanding ... - OCS BBS

Deepwater Gulf of Mexico 2004: America's Expanding ... - OCS BBS

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deepwater plays in the GOM, the Mississippi Fan Foldbelt and the Perdido Foldbelt, which include<br />

reservoirs <strong>of</strong> Paleogene age. Announced discoveries in the Alaminos Canyon area (Trident and Great<br />

White) and in the Walker Ridge area (St. Malo, Cascade, and Chinook) provide evidence <strong>of</strong> productive<br />

Paleogene reservoirs in a wide area <strong>of</strong> the deepwater GOM. However, many important questions remain<br />

concerning the extent and producibility <strong>of</strong> these older reservoirs.<br />

Figure 6 also shows a composite outline <strong>of</strong> numerous plays in the Eastern GOM; these range in age from<br />

Pleistocene through Jurassic. Successful exploration has occurred in the Eastern GOM with announced<br />

discoveries in DeSoto Canyon (Spiderman/Amazon), in Lloyd Ridge (Atlas), and in Atwater Valley<br />

(Jubilee).<br />

Although not a geologic play, the ultra-deepwater areas <strong>of</strong> the GOM can also be considered “frontier<br />

territory.” During the last three years there have been 11 industry-announced discoveries in water depths<br />

greater than 7,000 ft (2,134 m) (table 1). Announced volumes for these discoveries are more than<br />

1.75 billion BOE.<br />

Table 1<br />

List <strong>of</strong> <strong>Deepwater</strong> Discoveries in Water Depths Greater than 7,000 ft (2,134 m)<br />

Project Name Area/Block Water Depth (ft) Discovery Year<br />

Aconcagua MC 305 7,379 1999<br />

Camden Hills MC 348 7,530 1999<br />

Blind Faith MC 696 7,116 2001<br />

Merganser AT 37 8,064 2001<br />

St. Malo WR 678 7,326 2001<br />

Trident AC 903 9,816 2001<br />

Cascade WR 206 8,143 2002<br />

Great White AC 857 7,425 2002<br />

Vortex AT 261 8,422 2002<br />

Atlas LL 50 9,180 2003<br />

Chinook WR 469 9,104 2003<br />

Jubilee AT 349 8,891 2003<br />

Spiderman/Amazon DC 621 8,100 2003<br />

AC = Alaminos Canyon<br />

AT = Atwater Valley<br />

DC = DeSoto Canyon<br />

LL = Lloyd Ridge<br />

MC = Mississippi Canyon<br />

WR = Walker Ridge<br />

In summary, the presence <strong>of</strong> pre-Miocene reservoirs, successes in the Eastern GOM sale area, and<br />

significant discoveries in the ultra-deepwater demonstrate the continuing exploration potential in the<br />

deepwater GOM. These new plays are large in areal extent, have multiple opportunities, and contain<br />

potentially huge traps with the possibility <strong>of</strong> billions <strong>of</strong> barrels <strong>of</strong> hydrocarbons.<br />

12

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