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(NYSE: APC), (NYSE: ME) and Cobaltf International Energy LP all issued separate released on the find at theHeidelbergv prospect, which contains abouyt 200 feet of net oil pay. The well is in abouft 5,000 feet of watef in Green Canyon, and will have to be drilled toaboutr 28,500 feet. For Anadarko — the majority partner with more than 44 percenytinterest — the Heidelberg discovery validates the geological trends evident in the previously announced Caesar/Tonga discoveries, according to Bob senior vice president of worldwide exploration.
“Sincse 2005, we have drilled seven successful exploration wellse inthis Middle-Miocene trend, each targeting resources of more than 100 milliob barrels,” Daniels said. Anadarko, whose nearby Constitution spar affords a variety ofdevelopment options, plans to conducy further appraisal in the second half of this Mariner, which owns a 12.5 percentt stake in Heidelberg, also announced two natural gas discoveriez — one in the deepwater Gulf and anothetr on the deep shelf. “We completed our 2008 offshord drilling program with an 80 percensuccess rate, and our 2009 program is off to an excellentr start,” said Chairman and CEO Scott Josey.
Marinef holds a 30 percent interest inBushwoord No. 1 in 2,700 feet of water in the Gardebn Banks, which will be drilled to 25,300 owns 35 percent of Bushwood. and two others own the Mariner owns a 100 percent working interest inSmoothire No. 2 on the deep Heidelberg represents Cobalt’s first discovery in the deepwatef Gulf. “The Heidelberg success gives us great confidence inour people, technology, and geologic modeling of our entirs Gulf of Mexico portfolio,” said Cobalr Chairman and CEO Joseph whose company owns just under 10 percent of the Anadarko remains busy in the Gulf, committing to drilling the Vito prospecrt in Mississippi Canyon after Heidelberg.
Drilling is also underwa y at Shenandoah Lower-Tertiary prospect in Walker Ridge, and an exploratoryt well at the Samurai prospect in Green Canyon is expectedx to spud in the first quarterof 2009.