Chevron Confirms Oil at Bandit Prospect in Gulf of America


   
Barani Krishnan
DTN Refined Fuels Market Reporter

   SECAUCUS, NJ (DTN) -- Chevron Corp. confirmed Thursday (4/9) an oil 
discovery at the Bandit prospect in the Gulf of America following an 
announcement by operator Occidental. The exploration well is located in Green 
Canyon Block 680, approximately 125 miles south of the Louisiana coast, a 
Chevron release said.

   "The well encountered high-quality, full-to-base oil-bearing Miocene sands 
during drilling operations," the release said, adding that discovery partners 
were evaluating the results to determine next steps for appraisal and 
development at the deepwater site.

   Bandit is operated by Occidental, which holds a 45.375 percent working 
interest in the block. Chevron U.S.A. Inc. holds a 37.125% interest, and 
Woodside Energy (Deepwater) Inc. maintains a 17.5% working interest in the 
block.

   By using nearby equipment and pipelines, the partners can tap into the 
discovery to produce more economic barrels without building a new platform, the 
release added




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