McMoRan Starts Davy Jones No. 1 Output, FX Energy Begins Tuchola-3K: Energy Business Review
McMoRan Exploration Co. (NYSE:MMR) said Thursday that operations to obtain commercial output at Davy Jones No. 1 on South Marsh Island Block 230 are underway. Recent operations to unblock the perforations by the use of a propellant stimulation gun saw limited success, thus the company is beginning operations to re-perforate the well with electric wireline through-tubing guns. Davy Jones comprises a large ultra-deep structure surrounding four OCS lease blocks of 20,000 acres. McMoRan is the operator and holds a 63.4 percent working stake, along with a 50.2 percent net revenue interest in Davy Jones. Other working interest owners include Energy XXI (NASDAQ:EXXI) with 15.8 percent, JX Nippon Oil Exploration with 12 percent and Moncrief Offshore LLC with 8.8 percent.
FX Energy (NASDAQ:FXEN) announced that the drilling rig from the Kutno-2 well has been transferred to the Tuchola-3K location and drilling operations are ongoing. The Tuchola-3K well is located on the firm’s fully-owned Edge concession in northwestern Poland. The main target reservoir of the well is the Main Dolomite which has a projected depth of 2,550 meters and the well is also planned to test a Devonian oil target at a depth of roughly 3,150 meters.
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Sonde Resources Corp. (AMEX:SOQ) affirms that it has been approved by Joint Oil’s board and general assembly to enter the second exploration phase, extending the exploration work program for the three exploratory wells obligation under the Exploration and Production Sharing Agreement to December of 2015.
On Thursday, Noble Corporation (NYSE:NE) said that it is working cooperatively and diligently to resolve deficiencies and maintenance problems raised by the united States Coast Guard during a recent inspection of its drillship the Noble Discoverer, subsequent to a successful drilling season offshore Alaska. The ship’s propulsion and safety management systems were among the items cited for attention.