A local subsidiary of the Australian independent started drilling the Cosmopolitan No. 1 exploration well off the coast of Anchor Point on May 13, according to the company.

Buccaneer is using its Endeavour jack-up rig to drill the well in 80 feet of water. The company expects the 8,000-foot well to take approximately 45 days to drill.

—Eric Lidji

See story in May 19 issue, available to subscribers online at 11 a.m., Friday, May 17, at www.PetroleumNews.com