Beacon takes FID to develop Winterfell discovery

Jan. 10, 2024
Beacon has invested in the Winterfell development in the deepwater Gulf of Mexico.

Offshore staff

HOUSTON — Several of Beacon Offshore Energy's subsidiaries have taken final investment decision to develop the Winterfell discovery in the deepwater Gulf of Mexico.

Winterfell is operated by BOE Exploration & Production LLC and will be developed as a cost-effective, low-emissions subsea tieback.

As the Winterfell operator, Beacon holds a 35.41% working interest in the Miocene-aged project principally located in Green Canyon blocks 943, 944, 987 and 988, with a water depth of about 5,200 ft.

Winterfell was initially discovered in 2021 with subsequent successful appraisal drilling conducted in 2022. The field will be developed via a newly installed 13-mile subsea tieback to the Heidelberg spar in Green Canyon Block 860 operated by Anadarko Petroleum. First oil is expected to occur early in the second quarter of 2024 and from three initial wells projected to deliver gross production of about 22,000 boe/d.  

Working interest parties include Beacon Offshore Energy Exploration LLC (35.08%), BOE (0.33%), a subsidiary of Kosmos Energy (25.04%), Westlawn GOM Asset 3 Holdco LLC (15.0%), Red Willow Offshore LLC (12.5%), Alta Mar Energy (Winterfell) LLC (7.55%), and CSL Exploration LP (4.5%).

01.10.2024

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