Coelacanth platform installed in U.S. Gulf of Mexico

The recently completed Coelacanth Field platform has been installed at the Ewing Bank Block 834 (EW 834) in the Gulf of Mexico.

According to Walter Oil & Gas, the 1,312 foot tall, conventional 4-leg, 9-slot platform is the third largest fixed conventional platform in the Gulf of Mexico and was built in Gulf Marine Fabricators’ yard in Ingleside, Texas. It required over 2 million man hours to complete.

Coelacanth Field is in approximately 1,200 feet 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 feet on the north side of a salt structure.

Coelacanth Platform is designed to produce 30,000 barrels of oil per day and 60 million cubic feet of gas per day, and is expected to serve as host for future discoveries in the area.

Partners in the project include Walter Oil & Gas Corporation (50.5% WI), Ridgewood Energy Corporation, 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).

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