Oct. 2011 - BP has received permission to drill a well on the Kaskida discovery on the Keathley Canyon block 291. The well is located in a water depth of 6,034 feet (1,839 meters). BP operates this discovery with 100 percent working interest.

Nov. 2009 - BP reports that the Kaskida appraisal well has confirmed oil in Lower Tertiary reservoirs, extending the discovery to the west. The West Sirius, an ultra-deepwater semisub, drilled the appraisal well on Keathley Canyon Block 291 in 5,675 feet (1,730 meters) of water and reached a total depth of 32,500 feet (9,906 meters). Appraisal activities will continue with a WATS seismic acquisition survey in early 2010 and a well test in 2011. BP operates this discovery with a 70% working interest and Devon holds the remaining 30%.

Feb. 2009 - Seadrill's West Sirius semisubmersible rig has completed drilling Keathley Canyon Block 291 #1 appraisal well on Devon's Kaskida field. According to RigLogix the well was drilled to a total depth of 33,912 feet.

Apr. 2008 - Devon Energy Corporation has increased its ownership in the Kaskida Unit in the deepwater Gulf of Mexico. Kaskida is the site of a significant oil discovery. Devon exercised a preferential right to purchase its proportionate share of unit-partner Anadarko Petroleum's interest in Kaskida. By exercising its preferential right, Devon has purchased an additional 6.67 percent working interest in the Kaskida Unit, bringing the company's total working interest in Kaskida to 26.67 percent.

Mar. 2008 - Anadarko Petroleum has made the decision to sell its 50-percent interest in the Peregrino field offshore Brazil and its 25-percent interest in the BP-operated Kaskida Unit in the deepwater Gulf of Mexico to StatoilHydro for cash proceeds of $1.8 billion plus additional consideration valued at $300 million.

Aug. 2006 - Anadarko along with BP and Devon made a lower Tertiary Gulf of Mexico oil discovery at its Kaskida prospect on Keathley Canyon 292, encountering 800 net feet of hydrocarbon-bearing sands.