OilVoice - LLOG Exploration Announces Deepwater Gulf of Mexico Discovery

LLOG Exploration Announces Deepwater Gulf of Mexico Discovery

Wednesday, March 03, 2010

LLOG Exploration Co., LLC reports drilling success at its deepwater Gulf of Mexico Mandy prospect in Mississippi Canyon 199. Mandy is a conventional amplitude discovery drilled in 2465' of water. The discovery well was drilled to a total depth of approximately 7500' TVD and encountered in excess of 120' net TVD oil pay, confirmed by RCI pressures and samples, in a high quality reservoir. A follow-up well at Mandy to a separate fault-block in Mississippi Canyon 199 also found a high quality oil-filled reservoir with greater than 100' net TVD oil pay.

LLOG holds 50% working interest in the Mandy prospect and is the operator of the project. The prospect was drilled with partners Mariner Energy (NYSE: ME) with 35% and Apache Corporation (NYSE: APA) with 15%. The block was acquired in OCS Lease Sale 206 in March 2008.

Scott Gutterman, LLOG Exploration's President and CEO said:
"LLOG's deepwater Gulf of Mexico program is very well situated for growth with the recent first production of our Mississippi Canyon 72 field and development projects at Green Canyon 141 and Green Canyon 448 slated for start-up later this year. With the discovery at Mandy and continued drilling at Mississippi Canyon 503 and 547, which has recently begun, LLOG is positioning itself for significant production and reserve adds going into the future."

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