Ship Shoal 154 is a producing heavy oil field located in shallow water in the US and is operated by Ridgelake Energy. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Ship Shoal 150 and Ship Shoal 154, with water depth of 78 feet. Buy the profile here.
Field participation details
The field is owned by HGResources One.
Production from Ship Shoal 154
The Ship Shoal 154 heavy oil field recovered 99.51% of its total recoverable reserves, with peak production in 1996. The peak production was approximately 9.89 thousand bpd of crude oil and condensate and 41.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2026.
Remaining recoverable reserves
The field is expected to recover 0.63 Mmboe, comprised of 0.61 Mmbbl of crude oil & condensate and 0.15 bcf of natural gas reserves.
About Ridgelake Energy
Ridgelake Energy Inc (Ridgelake) is a privately owned oil and independent energy company. The company is engaged in the exploration, development and production of crude oil and natural gas reserves. Ridgelake operates in GOM - Shallow Water and Louisiana area. Ridgelake oil and gas properties include Eugene Island 303, High Island 352, Eugene Island 324, High Island 567 and South Pass Block 6. In the fiscal year 2008, the company produced 0.20 million cubic feet of natural gas. The company is headquartered at Metairie in Louisiana, the US.
For more details on the Ship Shoal 154 Heavy Oil Field, buy the profile here.