The oiler, in a statement, told investors that the Resolution well encountered reservoir quality sands, but, the primary exploration objective proved to be water bearing. It will now be plugged and abandoned.
Kosmos now moves on to its next Gulf of Mexico target, its 40% owned Oldfield prospect, where drilling is expected to start in early December, with results due in the first quarter of 2020.
It highlighted that it continues to ‘high grade’ prospects in its ‘infrastructure-led’ Gulf of Mexico inventory and a further three wells are anticipated next year.
The Resolution was located in 600 metres of water, and, was drilled down to a target depth of 7,700 metres, at a cost of around US$55mln to Kosmos.