Unocal announces results of Ponza deepwater well
  by: OilOnline
  Thursday, August 23, 2001

Unocal Corp. confirmed that it concluded drilling operations at its deepwater exploration well on the Ponza prospect in Keathley Canyon block 774 in the Gulf of Mexico in March 2001.

Although the well reached its objectives and penetrated hydrocarbon-bearing zones, the company said it does not appear to hold commercial quantities of pay. The well was plugged and abandoned; however evaluation of data from the Ponza well is continuing. Results were not disclosed sooner for competitive reasons related to today's OCS Lease Sale 180.