The well was drilled through the deeper exploration target, the MP sands, after intersecting oil pay in the shallower DTR-10 sand package.
The well has now intersected the following discovered intervals:
- DTR-10 interval – net 140 feet of oil pay encountered; and
- MP interval –net 110 feet of oil pay expected to be delivered in high-quality reservoir consistent with analogue wells in the GC 18 field.
Otto’s managing director Matthew Allen said he was very pleased to announce the successful completion of drilling operations with the well now being suspended as a future producer.
He added: “This is Otto’s fourth commercial discovery in the Gulf of Mexico and will be a highly important well in delivering the planned 5,000 bopd production target by the end of 2020.
“Combined with Otto’s existing production assets already on stream, the completion of the GC 21 field in the first half of 2020 will see Otto deliver on this important milestone target.
“Otto is extremely pleased with the progress that has been made in such a short period of time to build a successful independent oil and gas business partnering with some of the best operators in the Gulf of Mexico oil and gas region.”