LLOG Exploration Offshore (LLOG) has sanctioned its Taggart discovery and signed a manufacturing dealing with settlement for improvement by way of tieback to the Williams-owned Devils Tower Spar in Mississippi Canyon 773 within the U.S. Gulf of Mexico.
As reported earlier in June, LLOG and Williams reached a tie again settlement beneath which Williams will present offshore pure gasoline and oil gathering and manufacturing dealing with companies for the Taggart improvement at Williams’ Devils Tower spar within the U.S. Gulf of Mexico.
The Taggart discovery is positioned on Mississippi Canyon Block 816 in roughly 5,650 ft of water.
The Mississippi Canyon 816 #1 discovery effectively was drilled in 2013 to a depth of 11,562 ft and encountered 97 ft of internet pay in two Miocene targets.
Two subsequent appraisal wells had been drilled in 2015 and 2019 and encountered 147 ft and 84 ft of internet pay, respectively.
Philip LeJeune, President and CEO of LLOG, commented, “LLOG is happy to announce the sanctioning of our Taggart discovery, and we look ahead to the profitable improvement of this deepwater asset. We are proud to have finalized an settlement with Williams for the restoration and processing of Taggart’s reserves by way of subsea tieback to their close by Devils Tower Spar.
“Williams will present the infrastructure obligatory for the environment friendly and financial improvement of the Taggart discovery which has reserves totalling roughly 27 million barrels of oil equal”.
Taggart is predicted to return on-line in early 2022, and the reserves are anticipated to supply roughly 27 million barrels over eight years.
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