LLOG Exploration Offshore LLC has signed a subsea tree order with TechnipFMC Plc on Oct. 15 for its Shenandoah project in deepwater of the Gulf of Mexico (GOM). This order is the first material equipment order for the Shenandoah project and the first of its kind for subsea trees designed for pressures up to 20,000 pounds per square inch (PSI).
“LLOG is excited about signing this subsea tree order which is a first in the industry and a significant milestone towards the development of our Shenandoah project,” Rick Fowler, LLOG COO, said. “LLOG is pleased to expand our strategic alliance with TechnipFMC who has provided all of LLOG’s subsea equipment for more than a decade.”
LLOG operates the Shenandoah discovery, located in the unit comprised of Walker Ridge blocks 51, 52, and 53 in the deepwater GOM, approximately 200 miles south of New Orleans, on behalf of the Shenandoah partners Venari Offshore LLC, Navitas Petroleum and Beacon Offshore Energy. The leases are currently held under a Suspension of Production and will be developed using a new FPSO.
The partnership will drill multiple wells to develop the estimated 100 to 400 million barrels targeting previously discovered oil-bearing Upper and Lower Wilcox-reservoirs. The oil and rock qualities for the Shenandoah development are both best-in-class for the emerging Wilcox production trend.
Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.
QEP Energy Co., subsidiary of QEP Resources, retained EnergyNet for the sale of Kentucky and Michigan asset packages in auction closing March 5.
Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.