Page 20: of Maritime Reporter Magazine (April 1998)

GULF COAST REPORT

Halter To Build New

Training Center

Halter Marine Group Inc. recently broke ground in Moss

Point, Miss., for an innovative training center which will serve the company's five shipyards on the Mississippi Gulf Coast. The ll,500-sq.-ft. facility will provide basic instruction for trainees and continuing education for craftsmen and supervisors working in

Halter's shipyards. The training center will focus on instruction for shipbuilding and industry-specific training.

Basin Exploration Reports

On Two Wells

Basin Exploration, Inc. recently reported it has drilled a discovery well on East Cameron Block 34 and completed a successful produc- tion test of a well on West Delta

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W & O SUPPLY INC 3485 Evergreen Ave. • Jacksonville, FL 904-355-5604 • Fas 904-355-5542 email: [email protected]

Serving The Marine & Oilfield Industry Since 1975

Material To ANSI, DIN, JIS & Mil-Spec Standards •Valves 'Pipe & Tubing •Fittings & Flanges -Metals •Metrics

Newly Obtained ABS Type Approval of SPACE Brand Valves

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Workboat, Offshore, and Barge Industries

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Ship's Replacement • WINCHES - WINDLASSES - CAPSTANS •

Vertical or Horizontal Hand, Electric, Diesel, Hydraulic or Repowered to your specs • HATCHES - WATERTIGHT DOORS

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Block 78 that was reported as an apparent discovery earlier this year. The #2 well on East

Cameron Block 34 logged in excess of 100 net ft. of gas/condensate pay in multiple Miocene-aged sands below a true vertical depth of 10,350 ft. The company plans to proceed with completion opera- tions and then to suspend the well pending installation of production facilities or connection to a nearby third-party platform. First pro- duction would be anticipated before the end of the year in either case. Basin operates the property with a 60 percent working inter- est. The #1 well on West Delta

Block 78 was recently completed in a Miocene-aged sand and perforat- ed between true vertical depths of 16,762 ft. and 16,780 ft. On a short duration production test, the well flowed at rates as high as 2,000 barrels of oil per day. The well will be temporarily suspended pending determinations of facili- ties sizing requirements and avail- ability of third-party facilities for processing.

Ocean Energy Enters New

GOM Pact With Shell

Ocean Energy, Inc. is expanding its aggressive exploration program through an exclusive Gulf of

Mexico Exploration Alliance with

Shell Offshore Inc. The Alliance calls for 25 initial exploratory prospects, all delineated by 3-D seismic, to be drilled on over 141,000 gross acres across the Gulf of Mexico Shelf. Under the terms of the agreement, Ocean will par- ticipate for 25 percent of Shell's working interest in 25 prospects in the Outer Continental Shelf and state waters located off the coast of

Louisiana and Texas in water depths up to 1,300 ft. Ocean and

Shell, two of the top three most active Gulf of Mexico operators in drilling activity in 1997, plan to coordinate their rig fleets to achieve greater efficiency and economies of scale.

Ocean anticipates the two com- panies will drill in excess of 50 exploratory wells together over the next three years through the com- bination of the Gulf of Mexicc

Exploration Alliance, Delt£

Exploratory Joint Venture anc

South Pass Alliance. In addition

Ocean intends to fund its share o expenditures associated with th( new Alliance from its announcec 1998 capital budget.

Maritime Reporter/Engineering News

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