Jack 2
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Jack #2 is a test well in the deep waters of the Gulf of Mexico (Walker Ridge Block 758) that successfully extracted oil from the lower tertiary area of the Gulf in the second quarter of 2006. The well was drilled to a depth of 28,175 feet (8,588 meters) and oil flowed at more than 6000 barrels a day. This was the deepest successful well test in the Gulf of Mexico to date. Jack 2 is a venture between Chevron Corporation (50%), Devon Energy (25%) and Statoil (25%).[1]
Most oil in the Gulf is found on a shelf in less than 1,700 feet of water. Oil was known to exist in the deeper waters of the Gulf, where the water is between 5,000 to 10,000 feet deep, but it had yet to be proved that oil could be extracted in enough volume to make the find economical. The Jack 2 well is 175 miles offshore in more than 7,000 feet of water. The oil was extracted after drilling through more than 20,000 feet of rock below the sea floor.
The estimated reserves the well could tap are in the 3-15 billion barrel range. News of the find was credited for contributing to a drop in crude oil prices.[2][3] The maximum estimate of 15 billion barrels represents 50% of current estimated U.S. reserves[3][4] — or slightly less than 2 years of U.S. consumption at present levels.[5]
[edit] Notes
- ^ New oil field deep in the Gulf a potential giant. The Houston Chronicle, September 6, 2006.(link broken)
- ^ Chevron coy over 'big' oil find The Australian, September 6, 2006.
- ^ a b Oil prices bounce back from 2-month lows on expectations inventory data will show drop International Herald Tribune, September 5, 2006.
- ^ New oil field deep in the Gulf a potential giant. The Houston Chronicle, September 6, 2006.
- ^ Official Energy Statistics from the U.S. Government, Energy Information Administration.
[edit] References
- Isidore, Chris. "Major U.S. oil source is tapped". CNNMoney.com. Retrieved Sep. 5, 2006.
- "Chevron Announces Record Setting Well Test at Jack". Chevron. Retrieved Sep. 5, 2006.
