Vermilion 250 is a producing conventional gas field located in shallow water in the US and is operated by Walter Oil & Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field has water depth of 159 feet. Buy the profile here.
Field participation details
The field is owned by Castex Energy 2005, Castex Energy 2014, Castex Energy 2016 and Walter Oil & Gas.
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Production from Vermilion 250
The Vermilion 250 conventional gas field recovered 99.92% of its total recoverable reserves, with peak production in 1984. The peak production was approximately 2.82 thousand bpd of crude oil and condensate and 102.00 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 0.09 Mmboe, comprised of 0.09 Mmbbl of crude oil & condensate and 0.01 bcf of natural gas reserves.
About Walter Oil & Gas
Walter Oil & Gas Corp (Walter Oil) is an oil and gas company. It explores and produces crude oil and natural gas on conventional Offshore. Its drilling exploration of ultra deep water asset SW Horseshoe produces crude oil and natural gas. Walter Oil owns and operates subsea oil wells in the Gulf of Mexico. The company offers offshore and marine forecasting for the oil and gas, and petrochemical industries. It uses the drilling and evaluation technology. Walter Oil is headquartered in Houston, Texas, the US.
For more details on the Vermilion 250 Conventional Gas Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
