LLOG Exploration Announces First Production from Spruance Field

Source: www.gulfoilandgas.com 6/28/2022, Location: North America

A privately held exploration and production company with a focus on the deepwater Gulf of Mexico ("GOM"), LLOG Exploration Company, L.L.C. ("LLOG" or "the Company"), announced today that it has recently started producing from its Spruance Field, which is operated by LLOG and is situated in Ewing Bank ("EW") Blocks 877 and 921. The two-well subsea development has a 14-mile subsea tieback to the Lobster platform in EW 873, which is run by EnVen, and is now producing 16,000 barrels of oil and 13 million cubic feet of gas per day in total. Less than three years after the initial exploratory finding well was drilled, first production was reached.

The Spruance Field was initially discovered by LLOG and its partners in mid-2019 via a subsalt exploratory well, the EW 877 #1, which was drilled in 1,570 feet of water to a total depth of 17,000 feet and logged approximately 150 net feet of oil pay in multiple high-quality Miocene sands. A second well, the EW 921 #1, was drilled from the same surface location as the discovery well to a total depth of 16,600 feet in early October 2020. The well successfully delineated the main field pays and logged additional oil pay in the exploratory portion of the well, finding a total of over 200 net feet of oil.

Philip LeJeune, President and CEO of LLOG, commented, “ We are pleased to announce first oil from the Spruance field, which leverages existing infrastructure and LLOG’s operational capabilities to bring on meaningful production safely. By remaining active throughout commodity price cycles and continuing to deliver world class results, we are seeing significant production growth in a higher pricing environment. We are executing our strategy of developing deepwater GOM projects in areas that have been prolific in the past and that we understand very well. We are excited about our future as we are in various stages of development for multiple discoveries that will continue to help us create value in the deepwater GOM.”

LLOG is the operator of the Spruance Field and owns a 22.64% working interest with partners Ridgewood Energy (23.89%), EnVen (13.5%), Beacon Asset Holdings (11.61%), Houston Energy (11.2%), Red Willow (11.15%) and CL&F (6%).


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