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Statoil Makes Oily Discovery at GOM Yeti Prospect
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Statoil announced today that it has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM).
Jez Averty, Statoil's senior vice president, exploration for North America, commented: "The Yeti discovery expands the proven sub-salt Miocene play further South and West of Big Foot. We are analyzing data to determine the size of the discovery in order to consider future appraisal options."
The Yeti discovery was made in Walker Ridge (WR) block 160, which is located approximately 15 km (9 miles) south of the Big Foot field, and 11 km (7 miles) from the Cascade field. All of the blocks making up Yeti were accessed by the current owners in recent years.
Yeti was drilled with the Maersk Developer drilling rig, a sixth generation semi-submersible. Statoil reports that…
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