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 Paleogene area of the Gulf in the second quarter of 2006. The field owners Chevron, Devon Energy and Norway's Statoil drilled to about Script error: No such module "convert". below the sea floor, the wellhead being Script error: No such module "convert". below sea-level,[1] for a total depth of 28,125 feet.[2] Oil flowed at more than Script error: No such module "convert". per day.[3] At the time, it was the deepest ever successful test well in the Gulf of Mexico to date. Jack 2 is a joint venture between Chevron Corporation (50%), Devon Energy (25%), and StatoilHydro (25%).[1]
Most oil in the Gulf of Mexico is found on a continental shelf in less than Script error: No such module "convert". of water. Oil was known to exist in the deeper waters of the Gulf between Script error: No such module "convert"., but it had yet to be proven that enough could be extracted to make the venture economically successful. The Jack 2 well is Script error: No such module "convert". offshore in more than Script error: No such module "convert". of water. The oil was extracted after drilling through more than Script error: No such module "convert". of rock beneath the ocean floor.
Jack 2 proved the existence of a new play in the deepwater Gulf of Mexico. The estimated oil reserves the play could contain range between Script error: No such module "convert". and Script error: No such module "convert".. News of the find was credited for contributing to a drop in crude oil prices.[4][5] The maximum estimate of Script error: No such module "convert". represents half of the total current estimate of U.S. reserves,[5][6] equal to slightly less than two years of U.S. consumption at 2001 levels.[7]
References
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- ↑ a b Script error: No such module "citation/CS1".
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- ↑ 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.
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