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December 6, 2021updated 27 Apr 2022 11:54am

Coelacanth Conventional Oil Field, US

By Carmen

Coelacanth is a producing conventional oil field located in deepwater in the US and is operated by Walter Oil & Gas. The field is located in block Ewing Bank 834, Ewing Bank 790, Ewing Bank 835, Mississippi Canyon 793, and Ewing Bank 789, with water depth of 1,183 feet.

Field participation details

The field is owned by Walter Oil & Gas, Ridgewood Energy, Gordy Oil and Talos Energy.


Production from Coelacanth

The Coelacanth conventional oil field recovered 44.89% of its total recoverable reserves, with peak production in 2019. The peak production was approximately 13.21 thousand bpd of crude oil and condensate and 11 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 31.4 Mmboe, comprised of 23.38 Mmbbl of crude oil & condensate and 48.12 bcf of natural gas reserves. Coelacanth conventional oil field reserves accounts 0.01% of total remaining reserves of producing conventional oil fields globally.


About Walter Oil & Gas

Walter Oil & Gas Corp (Walter Oil) is an oil and gas company. It explores and produces crude oil and natural gas on conventional Offshore. Its drilling exploration of ultra deep water asset SW Horseshoe produces crude oil and natural gas. Walter Oil owns and operates subsea oil wells in the Gulf of Mexico. The company offers offshore and marine forecasting for the oil and gas, and petrochemical industries. It uses the drilling and evaluation technology. Walter Oil is headquartered in Houston, Texas, the US.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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