LLOG finalizes Spruance development plans

LLOG Exploration Co. LLC finalized plans to develop the Spruance discovery in the deepwater Gulf of Mexico following drilling results delineating the prospect.

Spruance was discovered in mid-2019 via a subsalt exploratory well in 1,600 ft of water in Ewing Bank (EW) 877/921. EW 877 #1 was drilled to a total depth of 17,000 ft and logged about 150 net ft oil pay in multiple high-quality Miocene sands.

A second well, EW 921 #1, was drilled from the same surface location to a total depth of 16,600 ft in early October. It successfully delineated the main field pays and logged additional oil pay in the exploratory portion of the well, finding a total of over 200 net ft of oil. Both wells are scheduled for completion in 2021, with first oil sales scheduled for early 2022.

In July, LLOG and partners signed a production handling agreement for processing of Spruance reserves via a 14-mile subsea tieback to EnVen-operated Lobster platform in EW 873 some 130 miles south of New Orleans in 775 ft of water.

LLOG is operator at Spruance (22.64%) with partners Ridgewood Energy (23.89%), Houston Energy (11.2%), Red Willow (11.15%), EnVen (13.5%), CL&F (6%), and Beacon Asset Holdings (11.61%).