Monument oil discovery : Equinor and its partners Progress Resources USA and Repsol E&P USA have made an oil discovery in the US Gulf of Mexico following the drilling of the Monument exploration well.

According to Equinor, the Monument exploration well intersected nearly 60 metres of net oil pay with good reservoir characteristics in Paleogene sandstone. The Norowegian oil and gas giant said that this gives an early indication of the productive reservoir interval at the well location.

The Monument well was drilled by the Pacific Khamsin rig to a total depth of 10,164 metres.

Bjørn Inge Braathen – senior vice president of Equinor Exploration in North America, commenting on the Monument oil discovery, said: “We are pleased to have proved an accumulation of movable hydrocarbons in the Monument exploration well. However, determining the full potential of the discovery will require further appraisal drilling.

Located in the central US Gulf of Mexico, the Monument exploration well is operated by Equinor (50%), while Progress Resources USA and Repsol E&P USA have stakes of 30% and 20% respectively. Monument marks the first operated exploration well for Equinor in the US Gulf of Mexico since 2015.

  Bjørn Inge Braathen, Equinor, Gulf of Mexico, Progress Resources USA, Repsol E&P USA, US Gulf of Mexico, USA