Yucatan is a conventional oil development located in ultra-deepwater in the US and is operated by BOE Exploration & Prodction. Discovered in 2013, Yucatan lies in block Walker Ridge 95, with water depth of around 5,800 feet.
The project is currently in feed stage and is expected to start commercial production in 2023.
Field participation details
The field is owned by Equinor, Houston Energy, Beacon Offshore Energy Exploration, Beacon II Development and Navitas Petroleum.
Production from Yucatan
Production from the Yucatan conventional oil development project is expected to begin in 2023 and is forecast to peak in 2026, to approximately 24,940 bpd of crude oil and condensate and 30 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2077.
Remaining recoverable reserves
The field is expected to recover 175.46 Mmboe, comprised of 150.43 Mmbbl of crude oil & condensate and 150.14 bcf of natural gas reserves.
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.