BP finds oil at Kaskida appraisal well

HOUSTON, Nov. 17 (UPI) -- British supermajor BP announced it encountered oil at an appraisal well in a western extension of the Kaskida field in the Gulf of Mexico.

BP said an appraisal well located 5 miles west of the Kaskida discovery confirmed oil in Lower Tertiary reservoirs.

The well was drilled to a depth of 32,500 feet in water depths of 5,676 feet at the block located 250 miles southwest of New Orleans.

BP announced in September it uncovered a "giant" discovery at its Tiber deepwater well in the Gulf of Mexico.

"This (Kaskida) well builds on the success of our recent Tiber discovery to further strengthen BP's leading position in the emerging Lower Tertiary play in the U.S. Gulf of Mexico," said Andy Inglis, chief executive of exploration and production at BP.

BP is the largest oil and gas producer in the Gulf of Mexico. Net production there for the British energy giant is more than 400,000 barrels of oil equivalent per day.

BP is the operator at the Kaskida field with a 70 percent working stake along with co-owner Devon.