Equinor and co-venturers Progress Resources USA Ltd and Repsol E&P USA Inc. have encountered oil in the Monument exploration well in the US Gulf of Mexico.
The Monument exploration well found approximately 200 feet (c. 60 metres) of net oil pay with good reservoir characteristics in Paleogene sandstone.
This provides an early indication of the productive reservoir interval at the well location. The well was drilled to a total depth of 33,348 feet (10,164 metres) using the Pacific Khamsin rig
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