Project Profile
Value: Undisclosed
Location: Eugene Island Block 223
Water Depth: 140 feet
Production: -
The Lafitte ultra-deep field, which is located on Eugene Island Block 223 in 140 feet of water, commenced drilling on October 3, 2010. The Lafitte well is currently drilling below 32,200 feet. Recent wireline logs have indicated hydrocarbon bearing sands in the Oligocene (Frio) section below 30,000 feet. This is the second hydrocarbon bearing Frio sand section encountered either on the GOM Shelf or in the deepwater offshore Louisiana. The first Frio sand was seen approximately 80 miles east in McMoRan\'s Blackbeard East well below 30,000 feet. McMoRan is considering additional drilling opportunities on the Lafitte structure to evaluate this section further.
The wireline logs from interim logging operations have indicated 171 net feet of possible productive sands in the Lafitte well, including 56 net feet of hydrocarbon bearing sand over a 58 foot gross interval in the Cris-R section of the Lower Miocene with good porosity. Flow testing will be required to confirm the ultimate hydrocarbon flow rates from this zone, which was full to base. Possible productive thicknesses from the Frio sand section could be added after drilling and logging is completed. McMoRan controls approximately 15,000 gross acres in the immediate area of Lafitte. These results enhance the potential of McMoRan\'s other acreage in the Lafitte strategic area, including McMoRan\'s Barataria and Captain Blood ultra-deep prospects. Barataria (10,000 gross acres) is located west-southwest of Lafitte and Captain Blood (10,000 gross acres) is located immediately south of Lafitte. On the Lafitte prospect, McMoRan is working to submit development plans for this prospect in the third quarter of 2012.
McMoRan plans to deepen the Lafitte well to a proposed total depth of 33,000 feet to evaluate additional Oligocene objectives. Lafitte is McMoRan\'s third ultra-deep prospect to encounter Miocene age sands below the salt weld on the GOM Shelf. McMoRan holds a 72.0 percent working interest and a 58.3 percent net revenue interest in Lafitte. Other working interest owners in Lafitte include EXXI (18.0%) and Moncrief Offshore LLC (10.0%).
Operators:
McMoRan: Operator with 72% working interest (58.3% net revenue interest)
EXXI: 18% working interest
Moncrief Offshore LLC: 10% working interest