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Coelacanth field platform successfully installed

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Oilfield Technology,

Walter Oil & Gas Corp. has reported the installation of the recently completed Coelacanth Field platform at Ewing Bank Block 834 (EW 834) in the Gulf of Mexico.

The platform is the third largest fixed conventional platform in the Gulf of Mexico at 1312 ft tall. It was built in Gulf Marine Fabricators' yard in Ingleside, Texas. It required over 2 million man-hours to complete. After a 2.5-day process of loading the platform's 60 000 000 pound jacket onto the launch barge, sail-away took place on 15 October 2015.

Coelacanth Field is in approximately 1200 ft of water and spreads across four Gulf of Mexico OCS Blocks: EW 834, EW 835, EW 790, and Mississippi Canyon 793, approximately 125 miles south of New Orleans. The field will produce from two geo-pressured reservoirs below 20 000 ft on the north side of a salt structure.

Coelacanth Platform is expected to produce 30 000 bpd and 60 million ft3/d feet of gas, and is to serve as host for future discoveries in the area.

Partners in the project include Walter Oil & Gas Corp. (50.5% WI), Ridgewood Energy Corp., as manager for its Funds and for ILX Holdings, LLC (a Riverstone Holdings LLC company) (32.5%WI), Gordy Oil Company (16%WI) and Houston Energy Deepwater Ventures LLC (1%WI).

Edited from press release by

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