When the first wells were drilled in the Lower Tertiary trend more than a decade ago, the crude that was discovered was of a poorer quality than the industry had become accustomed to in the area’s Miocene reservoirs.
“There were also questions about deliverability,” says Cobalt’s Gulf of Mexico exploration manager Tim Nicholson.
Not only would the wells likely need some sort of lift system to assist in the flow of hydrocarbons, the number of wells needed to optimally drain the finds would increase.
“When
