COVINGTON, Louisiana – LLOG Exploration Co., L.L.C. has issued an update on its Buckskin project in the deepwater Gulf of Mexico.
Located on Keathley Canyon blocks 785, 828, 829, 830, 871, and 872 in the Gulf of Mexico in about 6,800 ft (2,073 m) of water, this will be a 6-mi (10-km) subsea tieback to theAnadarko-operated Lucius spar.
LLOG said that the Buckskin project will use equipment rated to 15,000 psi and will use dual 8-in. flowlines with riser base gas lift.
The company recently executed a new contract with Seadrill for theWest Neptune drillship to perform the initial Buckskin work which will include drilling and completing two wells. The West Neptune will move on the Buckskin location in 4Q 2017.
In addition, the company has ordered several long-lead items for the topsides and has ordered subsea equipment from TechnipFMC.
Scott Gutterman, LLOG’s president and CEO, said that the company estimates that Buckskin contains nearly 5 Bbbl of oil in place. First production is expected in the second half of 2019.
Affiliates of LLOG own a 31.3% working interest in the project and LLOG Exploration Offshore, L.L.C. has been named as operator. Repsol and Samson Offshore BSM, LLC each own a 22.5% working interest, Beacon Offshore Energy Buckskin LLC (an affiliate of Beacon Offshore Energy LLC) owns an 18.7% working interest, and Navitas Buckskin US, LLC (an affiliate of Navitas Petroleum LP) owns a 5% working interest.
The Keathley Canyon 872 #1 discovery well at Buckskin was drilled by Repsol in 2009 to a depth of 29,404 ft (8,962 m) and encountered about 400 ft (122 m) of net pay in the Upper and Lower Wilcox formations. Three subsequent appraisal wells drilled in Keathley Canyon 785 and 829 encountered an average of 375 ft (114 m) of high-quality oil pay in the Upper Wilcox.