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November 23, 2021

Taggart Conventional Oil Field, US

By Carmen

Taggart is a conventional oil development located in ultra-deepwater in the US and is operated by LLOG Exploration Offshore. Discovered in 2013, Taggart lies in block Mississippi Canyon 816, with water depth of around 5,655 feet.

The project is currently in approval stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2020. The Taggart conventional oil development will involve the drilling of approximately two wells and includes subsea tree.

Field participation details

The field is owned by LLOG Exploration.


Production from Taggart

Production from the Taggart conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 10,040 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2042.


Remaining recoverable reserves

The field is expected to recover 27.52 Mmboe, comprised of 27.52 Mmbbl of crude oil & condensate.


Contractors involved in the Taggart conventional oil field

Some of the key contractors involved in the Taggart project as follows.

Other Contractors: Perma-Pipe International Holdings and Trendsetter Engineering

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Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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