Winterfell from the water surface (5400′ water depth). The field is produced with subsea wells tied back to Oxy’s Heidelberg platform, which is 13 miles away. Deepwater development is characterized by high energy density and low facility density.
Beacon Offshore Energy (BOE, but not this blog 😉) and its partners, all independent producers, have initiated production at the Winterfell project in the Green Canyon area of the Gulf of Mexico. The 3 initial wells are expected to produce 20,000 bbls of oil equivalent (again BOE 😉) per day. The Winterfell partners are:
Among the top 10 companies at Sale 261 (based on the number of high bids) are household names Shell, Chevron/Hess, Oxy/Anadarko, and bp, and international majors Equinor (Norway) and Woodside (Australia).
Lesser known companies have also become important deepwater players including two, Red Willow (owned by the Southern Ute tribe) and Houston Energy, that cracked the top 10 bidders list. Other emerging deepwater companies, Ridgewood, CSL Expl, Westlawn, Alta Mar, and CL&F were also active sale 261 participants. All of these companies bid in partnership with other independents.
Company
257
259
261
Red Willow
5
13
25
Houston Energy
5
9
18
Ridgewood
0
2
8
CSL Expl
1
1
3
Westlawn
0
3
5
Alta Mar
0
0
9
CL&F
0
0
3
Number of bids by emerging deepwater players at Sales 257, 259, and 261.