Mormont is a conventional oil development located in deepwater in the US and is operated by Murphy Exploration & Production. Discovered in 2017, Mormont lies in block Green Canyon 478, with water depth of around 3,760 feet.
The project is currently in completed stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2019. The Mormont conventional oil development will involve the drilling of approximately three wells and includes FPU and subsea trees.
Field participation details
The field is owned by Murphy Oil, Red Willow Production, Ridgewood Energy, Ridgewood Rialto Holdings, HEDV Mormont, ILX Prospect Mormont and CL&F Resources.
Production from Mormont
Production from the Mormont conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 18,072 bpd of crude oil and condensate and 23 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2049.
Remaining recoverable reserves
The field is expected to recover 69.18 Mmboe, comprised of 57.54 Mmbbl of crude oil & condensate and 69.83 bcf of natural gas reserves.
Contractors involved in the Mormont conventional oil field
Some of the key contractors involved in the Mormont project as follows.
Main EPC: Subsea 7
EPC Contractors: Audubon Engineering and Hyundai Heavy Industries Holdings
Other Contractors: Aker Solutions, Corinth Pipeworks, Gate, Oceaneering International and Subsea 7
About Murphy Exploration & Production
Murphy Exploration & Production Company is engaged in in crude oil and natural gas exploration and production. it operates as subsidiary of Murphy Oil Corporation.
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.