LLOG Exploration Firm, L.L.C. has superior its Salamanca mission within the Gulf of Mexico (GOM), which entails the conversion of a former GOM manufacturing facility right into a floating manufacturing unit (FPU).
The privately owned exploration and manufacturing firm anticipates the ultimate outfitting of the FPU to be accomplished in early 2025, in time for the mission’s manufacturing goal of mid-2025.
The Salamanca FPU can have a capability of 60,000 barrels per day (bpd) of oil and 40 million cubic ft per day (MMcfpd) of pure gasoline. The strategy “considerably minimizes environmental impression by reusing present infrastructure and reduces time, finally enhancing financial returns,” LLOG mentioned in a information launch.
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The hull refurbishment was accomplished at Seatrium in Brownsville, Texas and delivered to Kiewit’s yard in Ingleside in October 2024. In early November 2024, the brand new topside tools and deck was efficiently rejoined to the hull, LLOG said.
Additional, LLOG mentioned that the entire preliminary wells to help the Salamanca FPU have been efficiently drilled and cased, together with discovery wells drilled at Castile and Leon, with further profitable growth wells drilled in 2023 and 2024.
“The ultimate nicely completed drilling in September 2024 on the Leon Improvement (Keathley Canyon 686 #4), with better-than-expected outcomes, encountering larger than 1,000 ft of top quality oil-bearing sands,” LLOG mentioned. The ability shall be positioned in Keathley Canyon 689 in roughly 6,400 ft of water.
LLOG COO Eric Zimmermann mentioned, “LLOG has a protracted historical past of creating prolific initiatives within the GOM safely, effectively and economically. We’re happy to be progressing one other world class mission and to have reached a number of necessary milestones whereas additionally optimizing monetary flexibility by securing financing for the Salamanca mission. The distinctive facet of the Salamanca facility is that the FPU is the primary refurbishment of a GOM facility that was in manufacturing and being introduced into commerce as a producing asset once more. By modifying a beforehand constructed manufacturing unit in contrast with setting up a brand new facility, we’re in a position to considerably scale back the time to convey these discoveries on-line”.
“Additionally, the mission has a considerably optimistic environmental impression because it reuses an present unit in contrast with abandonment of the unit, whereas additionally engaging in roughly a 70% discount in emissions impression in comparison with the development of a brand new unit. As a Louisiana-based firm, the opposite facet of the mission that brings us satisfaction is the foremost building for this mission has been undertaken in shipyards and building yards in Texas and Louisiana versus occurring internationally. Our ongoing success and achievements in delivering complicated deepwater initiatives mirror the dedication and experience of our excellent group,” he added.
LLOG entered the Leon discipline as its operator in 2019 by an settlement with Repsol. LLOG is the operator of the Salamanca FPU, in addition to the Leon and Castile discoveries with Repsol and O.G. Oil & Gasoline as non-operating working curiosity homeowners.
In November 2024, Karoon Vitality Ltd and LLOG confirmed a hydrocarbon discovery within the Who Dat South exploration nicely within the GOM. Drilling in Who Dat South began in September 2024.
Karoon mentioned in an earlier information launch that the exploration nicely intersected a number of hydrocarbon-bearing sandstone intervals by the focused Miocene zones, over a gross interval between 5,000 meters measured depth (MD) and a last whole depth (TD) of seven,014 meters MD.
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