DALLAS, TEXAS — An affiliate of Beacon Offshore Energy has submitted a development plan for the Winterfell discovery in the US Gulf of Mexico (GoM).
According to partner Kosmos Energy, final investment decision (FID) approval should follow later this summer, with first oil expected about 18 months later.
The development will initially target about 100 MMbbl recoverable from the central Winterfell area, with five wells planned for the first phase, three of which should be online at first oil.
Long-lead items have been ordered and a rig selected for drilling and completion activities in 2023.
Pressure analysis from the two exploration wells drilled to date has led to an upgrade of resources across the greater Winterfell area. The partners now believe up to 200 MMbbl could be de-risked.
Kosmos also provided an update on its other projects in the GoM in its latest results statement.
The scheduled drydock of the Helix Producer-1 vessel has been deferred to the current quarter and will likely entail about 45 days of downtime for the Tornado Field.
The Kodiak sidetrack well has been drilled and completion activities are underway, with production set to start shortly. Kosmos recently agreed to acquire and an additional 5.9% interest in Kodiak from Marubeni.