Neptune Oil and Gas Field

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Summary Information

  • Operator: Talos
  • Country: USA
  • Location: Atwater Blocks 573, 574, 575, 617, and 618, GofM
  • Production start: 2008
  • Partners: Talos Energy - 65%, W&T Offshore - 20 %; and Repsol - 15 %
  • Type: Oil & Gas
  • Estimated Reserves:
  • Production Volume:

Description

  • The Neptune field is located in the deepwater GoM approximately 120 miles from the coast of Louisiana. The field comprises Atwater Blocks 573, 574, 575, 617, and 618, and water depths here range from 4,200 feet to 6,500 feet.
  • The Neptune TLP is located in approximately 4,250 feet of water and has a design capacity to produce up to 50,000 barrels of oil and 50 million cubic feet of gas per day
  • Crude oil from Neptune is transported to markets via the Caesar pipeline, while natural gas is exported via the Cleopatra Natural Gas Pipeline

Contractors

  • **Signal Intl:** TLP construction
  • **Gulf Island Fabrication:** Construction of topsides

History

  • 1999 - Neptune Oil And Gas Field discovered
  • 2005 - Final investment decision made for the project
  • 2007 - Neptune TLP installed in the field
  • 2008 - Production starts
  • 2014 - W&T Offshore acquires a 20% stake from Woodside
  • 2021 - EnVen acquires Marathon's 30% stake
  • 2021 - EnVen acquires BHP Billiton's stake, taking ownership to 65%
  • 2022 - Talos became operator after acquiring EnVen

Geology

Links

  1. Gulf Of Mexico Permanent Deepwater Structures
  2. Gulf Of Mexico Deepwater Natural Gas And Oil Qualified Fields
  3. International Protective Coatings Platform References
  4. BHP Billiton To Develop Neptune Oil And Gas Field In Gulf Of Mexico
  5. Gulf Island Fabrication, Inc. Signs Agreement To Construct Topsides For Gulf Of Mexico-Based Neptune Platform
  6. BHP Billiton Begins Production From Neptune Facility In The Deepwater Gulf Of Mexico
  7. W&T Offshore Announces Acquisition By W & T Energy VI, LLC Of Woodside Energy's Gulf Of Mexico Deepwater Properties
  8. Marathon Oil Signs Agreement for Divestiture of Gulf of Mexico Assets
  9. EnVen Energy Corporation Announces Acquisition of Neptune and Provides Operational Update at Lobster Field
  10. Talos Energy Announces Strategic Acquisition of EnVen Energy, Increasing Operational Scale and Improving Financial Profile Through the Addition of Oil-Weighted, Deepwater Assets with Significant Infrastructure
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