Superior takes ownership of GoM’s Bullwinkle

Superior Energy Services now owns Shell's Gulf of Mexico Bullwinkle platform and related assets.

Offshore staff

NEW ORLEANS -- Superior Energy Services now owns Shell's Gulf of Mexico Bullwinkle platform and related assets. The company will plug and abandon the 29 wells associated with Bullwinkle, the deepest fixed-leg production platform on the outer continental shelf. Installed in 1988, Bullwinkle produces 4,000 boed and serves as a processing hub for third parties. Superior also has sold a 49% interest in the assets to Dynamic Offshore Resources, which will operate the field.

The Bullwinkle platform will be decommissioned at the end of its economic life, and Shell has agreed to pay Superior an undisclosed amount once decommissioning is complete.

02/02/2010

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