Texaco and Agip confirm Gulf of Mexico deepwater discovery
  by: OilOnline
  Thursday, June 21, 2001

Texaco, and its partner Agip, have announced the successful delineation of Champlain, a deepwater Gulf of Mexico oil discovery, located in Atwater Valley Block 63 located 160 miles south of New Orleans.

The delineation sidetrack well, Champlain No. 1 - sidetrack 2 - bypass 1, was drilled to a total depth of 25,367 feet on June 4. Initial results indicate the presence of high quality reservoir sands with total net pay of over 400 feet, extending the proven oil accumulation both laterally and downdip. The ultimate size and specific development plan will be determined by further delineation drilling planned for later this year.