USA: Nexen’s Kakuna Well Fails to Impress
Nexen Inc. today reported that drilling operations are complete on the Kakuna sub-salt exploration well on Green Canyon block 504 located approximately 180 miles southwest of New Orleans in deepwater Gulf of Mexico.
The well did not encounter commercial hydrocarbons, and is now in the process of being plugged and abandoned. Kakuna was drilled to a depth of 30,300 feet at a total cost of approximately $120 million, net to Nexen ($80 million after-tax).
Nexen owns a broad inventory of exploration prospects in the Gulf of Mexico, including the sub-salt Miocene play in the central Gulf of Mexico and the Norphlet play surrounding our Appomattox discoveries.
The company’s 2012 exploration program includes approximately 15 offshore exploration and appraisal wells in the UK North Sea, West Africa and the Gulf of Mexico.
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Posted on May 7, 2012, in AMERICAS, Gulf of Mexico, North America, Oil & Gas - offshore, P & A, United States and tagged block 504, deepwater, Fails, Green Canyon, gulf of mexico, Hydrocarbon exploration, Impress, Kakuna, News, Nexen, Norway, Statoil, USA, well, West Africa. Bookmark the permalink. Comments Off on USA: Nexen’s Kakuna Well Fails to Impress.