Vermilion 408 is a producing conventional oil field located in shallow water in the US and is operated by Renaissance Offshore. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Vermilion 408, with water depth of 389 feet. Buy the profile here.
Field participation details
The field is owned by Renaissance Offshore.
Production from Vermilion 408
The Vermilion 408 conventional oil field recovered 97.84% of its total recoverable reserves, with peak production in 2002. The peak production was approximately 3.94 thousand bpd of crude oil and condensate and 9.00 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 0.22 Mmboe, comprised of 0.20 Mmbbl of crude oil & condensate and 0.13 bcf of natural gas reserves.
About Renaissance Offshore
Renaissance Offshore LLC (Renaissance Offshore) is an oil and gas exploration and development company. The company carries out the business of identification and acquisition of under-developed oil and gas assets in the Gulf of Mexico. It builds and manages a portfolio of assets on oil production through targeted acquisitions and negotiated sales. Renaissance Offshore also provides enhanced recovery from the existing oilfields and infrastructure on the Shelf. The company partners with other oil and gas companies for its exploration activities. Renaissance Offshore is headquartered in Houston, Texas, the US.
For more details on the Vermilion 408 Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
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.
