The multi-block prospect in the Walker Ridge area is estimated to hold more than 200 million barrels of oil equivalent.
Chevron, along with partners ConocoPhillips and Anadarko Petroleum, are re-evaluating data gathered from the attempted well and are expected to re-drill the prospect.
“We were unable to get the Coronado well down, so we’re looking for a new location and a new opportunity to drill that well,” confirmed Chevron chief executive John Watson.
The
