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GoM: LLOG Exploration discusses recent accomplishments and provides operational update for 2024

08 Apr 2024

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LLOG Exploration, a privately-owned exploration and production company focused on the deepwater  Gulf of Mexico, has provided an operational update.  

Company Highlights:  

• Increased gross operated production at the end of February 2024 to over 110 thousand  barrels of oil equivalent per day (“MBOE/d”) (84% oil); 

• LLOG’s net production increased to 38 MBOE/d (85% oil) at the end of February  2024; 

• Successfully executed multiple rig contract extensions, ensuring operational continuity and  efficiency to execute the Company’s strategic plan; 

• Extended the Seadrill West Neptune rig through the second quarter of 2025, with  additional extension options available;  

• Secured the Noble Valiant rig, which is equipped with Managed Pressure Drilling  capabilities, for one year into the first quarter of 2025; 

• Brought online the Taggart field in 2023 with three wells where LLOG is the operator and  owns a 100% working interest; 

• Successfully commenced production of additional wells at the Buckskin and Spruance  fields where LLOG is the operator and owns 33.8% and 22.6% working interests,  respectively;  

• Plan to drill and complete multiple wells across the LLOG-operated Buckskin Field (KC  785, 786, 828, 829, 830, 871, and 872), Leon Field (KC 642, 643, 686, and 687), and  Castile Field (KC 736); and 

• Strategically acquired three leases in BOEM’s Gulf of Mexico Lease Sale 261 in December  2023 within the Company’s existing Salamanca capture area, increasing its total number  of leases to 18 in the area, and expanding its operational footprint and future potential.

Key Developments for Who Dat Field: 

• Kicked off Phase Two development at the Who Dat field with workovers, recompletions  and sidetracks, and initiated operation of a subsea pump; 

• Completed and tied back two wells at the Who Dat field boosting gross oil production to  the highest level in the field since 2016; and 

• Three additional Who Dat area prospects are planned to be drilled in 2024 with the potential  to be tied back to the Who Dat floating production system. 

Philip LeJeune, President and CEO of LLOG, commented, 'As shown from our recent results and  accomplishments, LLOG continues to execute our strategy of developing deepwater GOM projects  in our core areas. We have been able to grow oil production at our Who Dat field through  discoveries, sidetracks and recompletions to the highest level since April 2016. In addition to Who  Dat, we brought online our Taggart field and additional wells at Spruance and Buckskin fields.  We are excited about our future as we are in various stages of development for multiple projects  including the Leon and Castile developments that will continue to grow our footprint in the  deepwater GOM. We are proud of our achievements and reputation as a trusted operator and how  those principles extend into our commitment to safe practices, environmental stewardship and  adhering to the highest ethical standards.'

Original announcement link

Source: LLOG

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