View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
December 1, 2021updated 27 Apr 2022 12:11pm

Lobster/Oyster Heavy Oil Field, US

By Carmen

Lobster/Oyster is a producing heavy oil field located in deepwater in the US and is operated by Enven Energy Ventures. The field is located in block Ewing Bank 917, Ewing Bank 873, South Timbalier 308, and Ewing Bank 874, with water depth of 1,195 feet.

Field participation details

The field is owned by Chevron and Palm Energy Partners.


Production from Lobster/Oyster

The Lobster/Oyster heavy oil field recovered 80.04% of its total recoverable reserves, with peak production in 1999. The peak production was approximately 50.08 thousand bpd of crude oil and condensate and 42 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2045.


Remaining recoverable reserves

The field is expected to recover 49.46 Mmboe, comprised of 39.95 Mmbbl of crude oil & condensate and 57.03 bcf of natural gas reserves. Lobster/Oyster heavy oil field reserves accounts 0.11% of total remaining reserves of producing heavy oil fields globally.


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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Offshore Technology