Buckskin is located on Keathley Canyon blocks 785, 828, 829, 830, 871, and 872 in approximately 6,800 ft (2,073 m) of water. The initial phase consists of two development wells in Keathley Canyon 829 and a 6-mi (10-km) subsea tieback to the Lucius platform at Keathley Canyon 875.
The Seadrill drillshipWest Neptune is drilling the initial two wells to about 29,000 ft (8,839 m). This will be followed by installation of subsea facilities. First production is expected in mid-2019.
LLOG added that to fully develop the field, which is estimated to contain about 5 Bbbl of oil in place, additional wells and subsea facilities will be required after the initial phase.
Two affiliates of LLOG, Buckstone Development Co., L.L.C. and LLOG Deepwater Development Co. I, L.L.C., own a combined 33.8% working interest in the Buckskin development. LLOG Exploration Offshore, L.L.C. is operator of the project.
Additional partners are Repsol E&P USA Inc. (22.5%), Beacon Offshore Energy Buckskin LLC (18.7%), Navitas Buckskin US, LLC (7.5%) and two entities managed by Ridgewood Energy Corp., Ridgewood Buckskin, LLC and ILX Prospect Buckskin, LLC, each of which owns 8.75%.
According to LLOG’s president and CEO Scott Gutterman, Buckskin in the company’s first development in theLower Tertiary trend.