ChevronTexaco announced today that it finished testing its Tahiti discovery well in the Gulf of Mexico, and finding out that the well?s production from this well could be as much as 30,000 barrels of oil per day, what even exceeds pre-test estimates.
So, the Company is pleased to say that Tahiti will be a significant contribution to the company's deepwater production.
The well's peak rate during the production test reached 15,000 bpd, a level that had been set as a pre-test maximum due to safety and equipment limitations. Early analysis of the rate and pressure data collected during the test indicates that the well's capability exceeds the pre-test expectation of 25,000 bpd.
"The results of this well test are very positive for our Tahiti Field development plans," said Ray Wilcox, vice president of ChevronTexaco Corp. and president of ChevronTexaco Exploration & Production Co. "Tahiti is a key asset in our deepwater portfolio, and these test results serve to reinforce our efforts around finding significant new oil resources in the Gulf of Mexico."
"The well test was successfully completed in early September 2004 in 4,100 feet of water and at 25,812 feet subsea," said Kathleen Arthur, vice president of ChevronTexaco's Gulf of Mexico Deepwater business unit. "This makes it the deepest successful well test in the history of the Gulf of Mexico, which is even more significant because it is in a high-pressure environment."
