LLOG Exploration Offshore, a privately-owned exploration and production company focused on the deepwater Gulf of Mexico has announced the sanctioning of its Taggart discovery.
The company also signed a production handling agreement for development via tieback to the Williams-owned Devils Tower Spar in Mississippi Canyon 773.
Initial production is expected in 2022.
The Taggart discovery is located on Mississippi Canyon Block 816 in approximately 5,650 feet of water. The Mississippi Canyon 816 #1 discovery well was drilled in 2013 to a depth of 11,562 feet and encountered 97 feet of net pay in two Miocene objectives. Two subsequent appraisal wells were drilled in 2015 and 2019 and encountered 147 feet and 84 feet of net pay, respectively.
In a statement issued Monday, LLOG President and CEO Philip LeJeune said the company anticipates successful development of its deepwater asset. He noted that Williams will provide the infrastructure necessary for development of the Taggart discovery, which has reserves totaling approximately 27 million barrels of oil equivalent.
LLOG and its affiliates own 100% of the Taggart development. Initial development plans at Taggart include the completion and tie back of two wells.
