Offshore staff

HOUSTON – Anadarko Petroleum Corp. reports finalizing a unitization agreement with Exxon Mobil Corp. and co-owners to develop the Lucius field. The unitization includes parts of Keathley Canyon blocks 874, 875, 918, and 919 in the Gulf of Mexico.

Following the unitization agreement, Lucius’ participants agreed with Hadrian South owners to process Hadrian South natural gas through the Lucius facility.

“We've already placed orders for the long-lead items, including the truss spar floating production facility, which will have a capacity of more than 80,000 barrels of oil per day and 450 MMcf of natural gas per day,” said Al Walker, Anadarko president and COO. ”We look forward to working with our new co-owners and anticipate sanctioning the project later this year, with first production expected in 2014.

A recent extended well test at Lucius flowed 15,000 b/d of 29º API oil, and that was constrained by the equipment.

Co-owners in the Lucius include Plains Exploration & Production Co. With a 23.3% working interest; Exxon Mobil Corp. with a 15% working interest; Apache Deepwater LLC with an 11.7% working interest; Petrobras with a 9.6% working interest; and Eni Petroleum with a 5.4% working interest. Anadarko has the remaining 35% interest.

07/18/2011