Big Bend MC698 is a producing conventional oil field located in ultra-deepwater in the US and is operated by Fieldwood Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Mississippi Canyon 698, Mississippi Canyon 742, Mississippi Canyon 697, Mississippi Canyon 697 (G36256), and Mississippi Canyon 697 (G28021), with water depth of 7,221 feet. Buy the profile here.
Field participation details
The field is owned by Fieldwood Energy, Houston Energy Deepwater Ventures V, Red Willow Production and W&T Offshore.
Production from Big Bend MC698
The Big Bend MC698 conventional oil field recovered 26.15% of its total recoverable reserves, with peak production in 2016. The peak production was approximately 16.63 thousand bpd of crude oil and condensate and 8.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2085.
Remaining recoverable reserves
The field is expected to recover 94.38 Mmboe, comprised of 90.19 Mmbbl of crude oil & condensate and 25.12 bcf of natural gas reserves. Big Bend MC698 conventional oil field reserves accounts 0.02% of total remaining reserves of producing conventional oil fields globally.
About Fieldwood Energy
Fieldwood Energy LLC (Fieldwood Energy) is an offshore oil and gas producer in the Gulf of Mexico region, which is backed by Riverstone Holdings LLC. The company carries out the business of acquisition, exploration and development of assets in the shallow and deep water of the US Gulf of Mexico, offshore Mexico and the Gulf Coast regions. It operates 500 offshore blocks on the Gulf of Mexico Shelf which focuses on acquiring and developing conventional assets. The company is also an Pokoch and Ichalkil fields in Mexico’s shallow water Bay of Campeche situated approximately 60 miles offshore Ciudad del Carmen. Fieldwood Energy is headquartered in Houston, Texas, the US.
For more details on the Big Bend MC698 Conventional Oil Field, buy the profile here.