South Timbalier 161 is a producing conventional oil field located in shallow water 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 South Timbalier 161, with water depth of 123 feet. Buy the profile here.
Field participation details
The field is owned by Arena Energy, Fieldwood Energy and San Juan Offshore.
Production from South Timbalier 161
The South Timbalier 161 conventional oil field recovered 98.80% of its total recoverable reserves, with peak production in 1970. The peak production was approximately 0.77 thousand bpd of crude oil and condensate and 47.00 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 0.67 Mmboe, comprised of 0.53 Mmbbl of crude oil & condensate and 0.85 bcf of natural gas reserves.
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 South Timbalier 161 Conventional Oil Field, buy the profile here.