Chevron Corp. has made a new deepwater oil discovery at the Buckskin prospect located in the deepwater US Gulf of Mexico.
The block is roughly 190 miles southeast of Houston and 44 miles west of Chevron's 2004 Jack discovery, which is also in the lower tertiary.
The Buckskin No. 1 discovery well encountered more than 300 feet of net pay. The well is located in approximately 6,920 feet of water and was drilled to a depth of 29,404 feet.
More tests are being conducted on data gathered from the discovery well, and additional work at the prospect, located in Keathley Canyon Block 872, will be needed to determine the extent and commercial viability of the discovery.
Chevron, with a 55% working interest, will become operator and conduct all future work. Other Buckskin co-owners are Maersk Oil America, with 20%, and Samson Offshore Co., with a 12.5% working interest.
