Project Profile
Location: South Timbalier Block 144, Gulf of Mexico, USA
Water depth: 24 m
In 24 metres of water in the Gulf of Mexico is the Blackbeard East prospect, located on the South Timbalier Block 144. Drilling of the Blackbeard East No. 1 exploratory well commenced on March 4, 2010, using the Ralph Coffman jack-up. A discovery was made on the well in July 2011. Currently, the operator is appraising the find.
Operators:
Freeport-McMoran: Operator with 38.5% interest
PXP: With 31.5% interest
EXXI: WIth 18.0% interest
W.A. \"Tex\" Moncrief, Jr.: With 10% interest
Private investor: With 1.6% interest