Kosmos encounters oil in US Gulf of Mexico well

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Kosmos Energy has discovered oil after drilling the Winterfell infrastructure-led exploration (ILX) well in the US Gulf of Mexico.

The oil resource was found after drilling the well to a total depth of approximately 7,000 meters. The well is located in approximately 1,600 meters of water.

Kosmos said that the well encountered about 26 meters of net oil pay in two intervals.

The company plans to work with its partners on an appraisal plan and development options for the new discovery.

The oil was found within tie back distance to several existing and planned host facilities in the US Gulf of Mexico.

Kosmos Energy’s chairman and chief executive officer Andrew Inglis said: “We are pleased to have started the New Year with exploration success at Winterfell validating our proven basin exploration strategy, which is focused on low cost, short cycle, low carbon development solutions.

“The Winterfell well was funded by a portion of the proceeds from the partial sale of our frontier exploration portfolio.

“The well in Green Canyon Block 944 de-risks prospectivity in several neighboring blocks held by Kosmos, with approximately 100 million barrels of gross potential within Kosmos’ acreage position.”

Located in Green Canyon Block 944, the Winterfell well was designed to test a sub-salt Upper Miocene prospect.

Beacon Offshore Energy affiliate is the operator of the well.

Later in 2021, Kosmos plans to drill the Zora ILX well in the Gulf of Mexico.