The appraisal well was drilled at a location 1.5 miles northwest of the discovery well and reached a measured depth of 32,900 feet. The Pony-2 well is reported to have encountered the objective target sands in a down-dip position in the water leg.
Following wire-line evaluation and pressure data collection of the Pony-2 well, the firm’s objective is to sidetrack the well to the oil leg up-dip.
Based on the results to date of the Pony-2 well, the estimated range of gross recoverable resource on the Hess-owned portion of the structure has been narrowed to between 100 million and 500 million barrels from the previous estimated range of 100 million to 600 million barrels.
Hess owns a 100% working interest in Pony, and is reportedly evaluating a range of development options for the discovery.
