- Jack 2
Jack #2 is a test well in the deep waters of the
Gulf of Mexico (Walker Ridge Block 758) that successfully extracted oil from thelower tertiary area of the Gulf in the second quarter of 2006. The well was drilled to a depth of 28,175 feet (8,588 m) and oil flowed at more than 6000 barrels a day. This was the deepest successful well test in the Gulf of Mexico to date. Jack 2 is a venture betweenChevron Corporation (50%),Devon Energy (25%) andStatoilHydro (25%). [ [http://www.chron.com/disp/story.mpl/front/4165848.html New oil field deep in the Gulf a potential giant] . "The Houston Chronicle, September 6, 2006."(link broken)]Most oil in the Gulf is found on a shelf in less than convert|1700|ft|m of water. Oil was known to exist in the deeper waters of the Gulf, where the water is between 5,000 to convert|10000|ft|m deep, but it had yet to be proved that oil could be extracted in enough volume to make the find economical. The Jack 2 well is convert|175|mi|km offshore in more than convert|7000|ft|m of water. The oil was extracted after drilling through more than convert|20000|ft|m of rock below the sea floor.
The estimated reserves the well could tap are in the 3-15 billion barrel range. News of the find was credited for contributing to a drop in crude oil prices. [ [http://www.theaustralian.news.com.au/story/0,20867,20367319-643,00.html Chevron coy over 'big' oil find] "The Australian, September 6, 2006."] [http://www.iht.com/articles/ap/2006/09/06/business/AS_FIN_MKT_Oil_Prices.php Oil prices bounce back from 2-month lows on expectations inventory data will show drop] "International Herald Tribune, September 5, 2006."] The maximum estimate of convert|15|Goilbbl|m3 represents 50% of current estimated U.S. reserves [ [http://www.chron.com/disp/story.mpl/front/4165848.html New oil field deep in the Gulf a potential giant] . "The Houston Chronicle, September 6, 2006."] — or slightly less than 2 years of U.S. consumption at present levels. [ [http://www.eia.doe.gov/neic/quickfacts/quickoil.html Official Energy Statistics from the U.S. Government] , "Energy Information Administration."]
Notes
References
*Isidore, Chris. "Major U.S. oil source is tapped". [http://money.cnn.com/2006/09/05/news/companies/chevron_gulf/ CNNMoney.com] . Retrieved Sep. 5, 2006.
*"Chevron Announces Record Setting Well Test at Jack". [http://www.chevron.com/news/press/2006/2006-09-05.asp Chevron] . Retrieved Sep. 5, 2006.
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