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(NYSE: APC), (NYSE: ME) and Cobalt International Energy LP all issuedx separate releases on the find at theHeidelbergh prospect, which contains about 200 feet of net oil pay. The well is in abou 5,000 feet of water in Greenn Canyon, and will have to be drilled toabouyt 28,500 feet. For Anadarko — the majority partnef with more than 44 percentinteresrt — the Heidelberg discovery validatezs the geological trends evident in the previouslyt announced Caesar/Tonga discoveries, according to Bob senior vice president of worldwide “Since 2005, we have drilled seve n successful exploration wells in this Middle-Miocene trend, each targeting resources of more than 100 millionn barrels,” Daniels said.
Anadarko, whose nearby Constitution spar affordzs a variety ofdevelopment options, plan to conduct further appraisal in the seconsd half of this year. Mariner, which owns a 12.5 percentg stake in Heidelberg, also announced two naturall gasdiscoveries — one in the deepwater Gulf and anothedr on the deep shelf. “We completed our 2008 offshor e drilling program with an 80 percentsuccese rate, and our 2009 program is off to an excellenyt start,” said Chairman and CEO Scott Mariner holds a 30 percent interest in Bushwoofd No. 1 in 2,700 feet of water in the Garde Banks, which will be drilled to 25,3000 feet. owns 35 percent of Bushwood. and two otherws own the rest.
Mariner owns a 100 percent workinfg interest inSmoothie No. 2 on the deep shelf. Heidelbertg represents Cobalt’s first discoveru in the deepwater Gulf. “The Heidelberg success gives us great confidence inour people, technology, and geologic modeling of our entirse Gulf of Mexico portfolio,” said Cobalt Chairman and CEO Joseph whose company owns just under 10 perceng of the project. Anadarko remains busy in the committing to drilling the Vito prospectt in Mississippi Canyonafter Heidelberg.
Drilling is also underway at Shenandoa Lower-Tertiary prospect in Walker and an exploratory well at the Samuraii prospect in Green Canyoh is expected to spud in the first quarterof 2009.