Is Jack worth a WAZ investment?

摘要

Chevron has undertaken a wide-azimuth seismic survey at the subsalt Jack asset in the Gulf of Mexico. Here's the value case. Since its discovery in 2004 in the subsalt Walker Ridge Protraction Area, the Jack field has come to represent the emerging Lower Tertiary Trend in the deepwater Gulf of Mexico (Figure 1). The large salt-cored four-way structure made news in September 2006 after successfully completing a record-setting production test on the #2 well in around 7,000 ft (2,135 m) of water and at reservoir depths of around 27,000 ft (8,235 m). During the extended test, which was designed to evaluate a portion of the total pay interval, the well sustained a flow rate of more than 6,000 bo/d, confirming the flow capability of this frontier area.