LLOG Exploration Offshore has sanctioned its Taggart discovery, which will developed via tieback to the nearby Williams-owned Devils Tower Spar, in the U.S. Gulf of Mexico, according to a news release.
Initial development plans at Taggart include the completion and tieback of two wells. First production is anticipated in 2022.
The news was delivered June 29 nearly seven years after the discovery well, drilled to a depth of 11,562 feet, hit 97 feet of net pay in two Miocene objectives. LLOG said two subsequent appraisal wells were drilled in 2015 and 2019, respectively encountering 147 feet and 84 feet of net pay.
Taggart is located on Mississippi Canyon Block 816 in about 5,650 feet of water.
The Williams Cos. announced June 17 a tieback agreement with LLOG to provide offshore natural gas and oil gathering and production handling services for the development. In addition to gathering and production handling, Williams will provide onshore gas treatment and processing services to support Taggart.
LLOG CEO Philip LeJeune said Taggart has reserves totaling about 27 MMboe.
“We look forward to the successful development of this deepwater asset,” LeJeune said.
Recommended Reading
Gushing, Ohio: EOG Joins Ascent, Encino in Top Oil Wells
2024-01-22 - EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.
E&P Highlights: Jan. 8, 2024
2024-01-08 - Here’s a roundup of the latest E&P headlines including the second biggest deepwater gas find of 2023 and new contract awards.
Prairie Operating Acquires More D-J Basin Assets for $94.5MM
2024-01-15 - Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.
Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs
2024-01-07 - Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.
US Drillers Add Oil, Gas Rigs for First Time in Three Weeks
2024-01-19 - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks