LLOG Announces Installation of the Opti-Ex (FPS) at the "Who Dat" Field

abarrelfullabarrelfull wrote on 21 Apr 2014 10:53

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July 13, 2011

LLOG Exploration has successfully installed the Opti-Ex Floating Production System (FPS) for the Who Dat development in Mississippi Canyon 503/504/547. The FPS is located in the southeast quarter of block 547 in a water depth of 3100 feet and is held in place with twelve chainpolyester-chain mooring lines connected to 80 feet long suction pile anchors. The unit is designed to withstand wind and waves from a 1000-year storm.

“Installation of the Opti-Ex is a significant milestone, since this is the first FPS installed in the Gulf of Mexico since the Macondo incident and is the first time that the United States Coast Guard has approved an existing FPS for installation,” said Scott Gutterman, President and CEO. Gutterman added, “We believe this is the first privately owned FPS in the world.”

LLOG will now begin installing infield flowlines and export pipelines so that the field may commence production from the three existing wells. First production is anticipated in the fourth quarter of 2011. Processing capacity of the Opti-Ex is 60,000 BOPD and 150 MMCFD. Gross reserves from the field are expected to be between 100 and 300 MMBOE.

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