US-based integrated energy company Chevron has announced a new deepwater oil discovery at the Buckskin prospect located in the deepwater US Gulf of Mexico. The block is approximately 190 miles southeast of Houston, Texas, and 44 miles west of Chevron’s 2004 Jack discovery.

According to the company, Buckskin No-1 discovery well encountered more than 300ft of net pay. The well is located in approximately 6,920ft of water and was drilled to a depth of 29,404ft.

More tests are being conducted on data gathered from the discovery well, and additional work at the prospect, located in Keathley Canyon Block 872, will be needed to determine the extent and commercial viability of the discovery.

The oil company said that, Repsol, with a 12.5 percent working interest in the prospect, was the operator of the Buckskin discovery well. Chevron, with a 55 percent working interest, will become operator and conduct all future work. Other Buckskin co-owners are Maersk Oil America, with 20 percent, and Samson Offshore Company, with a 12.5 percent working interest.

George Kirkland, Chevron’s executive vice president of global upstream and gas, said: “This is a significant discovery in the lower tertiary trend and Buckskin reinforces the potential to provide the US with new energy supplies.”
Chevron Corporation is an integrated energy company, with subsidiaries conduct business worldwide. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency services; and develops the energy resources of the future, including biofuels and other renewables.