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.
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.