HOME

TheInfoList



OR:

Jack 2 is a test well in the deep waters of the
Gulf of Mexico The Gulf of Mexico ( es, Golfo de México) is an ocean basin and a marginal sea of the Atlantic Ocean, largely surrounded by the North American continent. It is bounded on the northeast, north and northwest by the Gulf Coast of the United St ...
(Walker Ridge Block 758) that successfully extracted oil from the
Paleogene The Paleogene ( ; also spelled Palaeogene or Palæogene; informally Lower Tertiary or Early Tertiary) is a geologic period and system that spans 43 million years from the end of the Cretaceous Period million years ago ( Mya) to the beginning o ...
area of the Gulf in the second quarter of 2006. The field owners Chevron, Devon Energy and Norway's Statoil drilled to about below the sea floor, the wellhead being below sea-level, for a total depth of 28,125 feet. Oil flowed at more than per day. At the time, it was the deepest ever successful test well in the Gulf of Mexico to date. Jack 2 is a joint venture between
Chevron Corporation Chevron Corporation is an American multinational energy corporation. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in Sa ...
(50%),
Devon Energy Devon Energy Corporation is an energy company engaged in hydrocarbon exploration in the United States. It is organized in Delaware and its corporate operative headquarters are in the 50-story Devon Energy Center in Oklahoma City, Oklahoma. Its ...
(25%), and
StatoilHydro Equinor ASA (formerly Statoil and StatoilHydro) is a Norwegian state-owned multinational energy company headquartered in Stavanger. It is primarily a petroleum company, operating in 36 countries with additional investments in renewable energy. I ...
(25%). Most oil in the Gulf of Mexico is found on a continental shelf in less than 1,700 feet (520 m) of water. Oil was known to exist in the deeper waters of the Gulf between 5,000 and 10,000 feet (3,000 m), but it had yet to be proven that enough could be extracted to make the venture economically successful. The Jack 2 well is 175 miles (282 km) offshore in more than 7,000 feet (2,100 m) of water. The oil was extracted after drilling through more than 20,000 feet (6,100 m) of rock beneath the ocean floor. Jack 2 proved the existence of a new
play Play most commonly refers to: * Play (activity), an activity done for enjoyment * Play (theatre), a work of drama Play may refer also to: Computers and technology * Google Play, a digital content service * Play Framework, a Java framework * Pla ...
in the deepwater Gulf of Mexico. The estimated
oil reserves An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...
the play could contain range between and . News of the find was credited for contributing to a drop in crude oil prices.Oil prices bounce back from 2-month lows on expectations inventory data will show drop
''International Herald Tribune, September 5, 2006.''
The maximum estimate of represents half of the total current estimate of U.S. reserves, equal to slightly less than two years of U.S. consumption at present levels.
''Energy Information Administration.''


References


See also

*
Offshore oil and gas in the US Gulf of Mexico Offshore oil and gas in the Gulf of Mexico is a major source of oil and natural gas in the United States. The western and central Gulf of Mexico, which includes offshore Texas, Louisiana, Mississippi, and Alabama, is one of the major petroleum-pr ...
{{coord missing, Gulf of Mexico Gulf of Mexico oil fields of the United States Equinor oil and gas fields Chevron Corporation oil and gas fields