Oil & Gas Glossary 1.0

2. (nautical) the geared sheave of a windlass used to pull anchor chain.

V: to drill wildcat wells.

Also called a wildcat. See wildcat.

V: to drill wildcat wells.

A wildcat well.

1. a well drilled in an area where no oil or gas production exists.

2. (nautical) the geared sheave of a windlass used to pull anchor chain.

A lease or a number of leases of adjoining tracts of land that constitute a unit of acreage sufficient to justify the expense of drilling a wildcat.

2. to cease producing oil and gas from a well when it becomes unprofitable. A wildcat well may be abandoned after it has proven nonproductive. Several steps are involved in abandoning a well; part of the casing may be removed and salvaged; one or more cement plugs are placed in the borehole to prevent migration of fluids between the different formations penetrated by the borehole; and the well is abandoned. In many states, it is necessary to secure permission from official agencies before a well may be abandoned.

A drilling rig that is used exclusively to drill offshore exploration and development wells and that floats upon the surface of the water when being moved from one drill site to another. It may or may not float once drilling begins. Two basic types of mobile offshore drilling units are used to drill most offshore wildcat wells: bottom-supported drilling rigs and floating drilling rigs.

Drilling for oil or gas in an ocean, gulf, or sea, usually on the Outer Continental Shelf. A drilling unit for offshore operations may be a mobile floating vessel with a ship or barge hull, a semisubmersible or submersible base, a self-propelled or towed structure with jacking legs (jackup drilling rig), or a permanent structure used as a production platform when drilling is completed. In general, wildcat wells are drilled from mobile floating vessels or from jackups, while development wells are drilled from platforms or jackups.

A floating offshore drilling unit that has pontoons and columns that when flooded cause the unit to submerge in the water to a predetermined depth. Living quarters, storage space, and so forth a reassembled on the deck. Semisubmersible rigs are either self-propelled or towed to a drilling site and either anchored or dynamically positioned over the site, or both. In shallow water, some semisubmersibles can be ballasted to rest on the seabed. Semisubmersibles are more stable than drill ships and ship-shaped barges and are used extensively to drill wildcat wells in rough waters such as the North Sea. Two types of semisubmersible rigs are the bottle-type semisubmersible and the column-stabilized semisubmersible. See floating offshore drilling rig.