According to Equinor’s press release of April 6, the Monument exploration well found approximately 60 metres of net oil pay with good reservoir characteristics in Paleogene sandstones.
Monument is Equinor’s first operated exploration well in the US Gulf of Mexico since 2015.
The discovery provides an early indication of the productive reservoir interval at the well location, and the well was drilled to a total depth of 33,348 feet (10,164 metres) using the Pacific Khamsin rig.
Bjørn Inge Braathen, senior vice president of Exploration in North America, says they are pleased to have proved an accumulation of movable hydrocarbons in the Monument exploration well, but adds that determining the full potential of the discovery will require further appraisal drilling.
The Monument exploration well is located in the central US Gulf of Mexico. It is operated by Equinor (50%) with partners Progress Resources USA Ltd (30%) and Repsol E&P USA Inc. (20%).