Helix Energy Solutions Group has declared that an oil discovery has been found at the Danny II exploration well. This well is located at the Bushwood field in Garden Banks Block 506, which is situated about 145 mi. offshore from Galveston in Texas. Over 70 ft of high-quality net pay was encountered in the Danny II exploration well.
According to President of Helix’s wholly-owned subsidiary, Energy Resource Technology GOM (ERT), Johnny Edwards, initial information obtained from down-hole test tools validated the occurrence of oil in the Danny II exploration well having bottom-hole pressure of more than 9,500 psi. The company is carrying out further testing in order to identify the composition of the reservoir fluids. It will offer Danny II exploration well update, after the completion of testing.
The company drilled the Danny II exploration well to a depth of about 14,750 ft totally, in water depths of about 2,800 ft. Currently, it is completing this exploration well, which will be possibly be developed through a subsea tie back system to the East Cameron Block 381 platform, which is 70% owned and operated by the company, situated about 31 mi. towards the north in 370 ft of water. The company may commence initial production at the Danny II exploration well in Q4 of 2012.
Helix has a 50% working interest in the Danny II exploration well, together with Deep Gulf Energy LP and Deep Gulf Energy II. Deep Gulf Energy is the operator of the well.