LLOG Exploration Offshore (LLOG) has sanctioned its Taggart discovery and signed a production handling agreement for development via tieback to the Williams-owned Devils Tower Spar in Mississippi Canyon 773 in the U.S. Gulf of Mexico.
As reported earlier in June, LLOG and Williams reached a tie back agreement under which Williams will provide offshore natural gas and oil gathering and production handling services for the Taggart development at Williams’ Devils Tower spar in the U.S. Gulf of Mexico.
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.
Philip LeJeune , President and CEO of LLOG, commented, “LLOG is pleased to announce the sanctioning of our Taggart discovery, and we look forward to the successful development of this deepwater asset. We are proud to have finalized an agreement with Williams for the recovery and processing of Taggart’s reserves via subsea tieback to their nearby Devils Tower Spar.
“Williams will provide the infrastructure necessary for the efficient and economic development of the Taggart discovery which has reserves totalling approximately 27 million barrels of oil equivalent”.
Taggart is expected to come online in early 2022, and the reserves are expected to produce approximately 27 million barrels over eight years.