Blacktip (AC380) - LLOG Oil and Gas Asset (Federal offshore, United States)

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Blacktip (AC380) - LLOG Oil and Gas Asset is a discovered oil and gas asset in Federal offshore, United States.

Along with Blacktip North (AC336) - LLOG Oil and Gas Asset (Federal Offshore, United States), Blacktip (AC380) - LLOG Oil and Gas Asset is a part of the Blacktip Deepwater complex.

Project Details

Main Data

Table 1: Asset-level project details for Blacktip (AC380) - LLOG Oil and Gas Asset

1Final Investment Decision
Unit name Status Operator Owner Discovery year FID1 year Production start year Production type
Blacktip (AC380) - LLOG Discovered[1] LLOG Exploration Offshore[2] Repsol (50.0%); LLOG Exploration Offshore (50.0%)[3][1] 2019[4][5] 2025 (expected)[1] 2027 (expected)[4] Conventional[6]

Production and Reserves

Table 2: Reserves of Blacktip (AC380) - LLOG Oil and Gas Asset

million boe = million barrels of oil equivalent
Fuel description Reserves classification Quantity Units Data year Source
hydrocarbons reserves 90 million boe 2023 [4]

Location

Table 3: Asset-level location details for Blacktip (AC380) - LLOG Oil and Gas Asset

Concession/Block Location Onshore/Offshore Coordinates (WGS 84)
AC380[6] Federal offshore, United States[7] Offshore[6] 26.5637, -94.4754 (exact)[7]

The map below shows the exact location of the asset(s) within the Blacktip Deepwater complex:

Loading map...

Background

According to Upstream, Final Investment Decision "a final investment decision on a field development is possible in 2025 or 2026." The outlet also cites Repsol as previously stating estimated recoverable oil resource of 200 million barrels.[8]

In 2019, Shell and Equinor announced the "significant" deepwater discovery.[9] Shell divested from the project in 2023[10], and as of 2023 Repsol and LLOG owner 50% of the project each.[11]

Articles and Resources

Additional Data

To access additional data, including an interactive map of oil and gas extraction sites, a downloadable dataset, and summary data, please visit the Global Oil and Gas Extraction Tracker on the Global Energy Monitor website.

References

  1. 1.0 1.1 1.2 https://web.archive.org/web/20240408212222/https://www.upstreamonline.com/field-development/new-deep-water-project-takes-step-closer-in-the-us-gulf-of-mexico/2-1-1545206?zephr_sso_ott=r7CUhX. Archived from the original on 08 April 2024. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  2. https://www.linkedin.com/posts/welligence_us-gom-ma-alert-repsol-has-partnered-50-activity-7066391653862817792-el7m/. {{cite web}}: Missing or empty |title= (help)
  3. (PDF) https://web.archive.org/web/20240918004401/https://www.repsol.com/content/dam/repsol-corporate/en_gb/accionistas-e-inversores/cnmv/2023/ori27072023-information-on-the-second-quarter-2023-results.pdf. Archived from the original (PDF) on 18 September 2024. {{cite web}}: Missing or empty |title= (help)
  4. 4.0 4.1 4.2 (PDF) https://web.archive.org/web/20231114203617/https://www.eia.gov/outlooks/aeo/assumptions/pdf/OGSM_Assumptions.pdf. Archived from the original (PDF) on 14 November 2023. {{cite web}}: Missing or empty |title= (help)
  5. https://web.archive.org/web/20240302060818/https://www.offshore-mag.com/regional-reports/us-gulf-of-mexico/document/14305341/table-status-of-us-gulf-of-mexico-deepwater-discoveries-since-2000?o_eid=3576I2756701B8H&oly_enc_id=3576I2756701B8H&rdx.ident%255Bpull%255D=omeda%257C3576I2756701B8H. Archived from the original on 02 March 2024. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help); Unknown parameter |3576I2756701B8H&utm_campaign= ignored (help)
  6. 6.0 6.1 6.2 https://web.archive.org/web/20230606083041/https://www.shell.com/media/news-and-media-releases/2019/shell-announces-deep-water-discovery-in-gulf-of-mexico.html. Archived from the original on 06 June 2023. {{cite web}}: Check date values in: |archive-date= (help); Missing or empty |title= (help)
  7. 7.0 7.1 https://web.archive.org/web/20230326092115/https://www.offshore-technology.com/projects/blacktip-oil-and-gas-prospect-us-gulf-of-mexico/. Archived from the original on 26 March 2023. {{cite web}}: Missing or empty |title= (help)
  8. Searancke, Russell (2023-10-31). "New deep-water project takes step closer in the US Gulf of Mexico". upstreamonline.com. Retrieved 2024-04-03.
  9. Spencer, Starr. "Shell, Equinor tout 'significant' Blacktip deepwater oilfield discovery". S&P Global Commodity Insights.{{cite web}}: CS1 maint: url-status (link)
  10. "Shell Quits Blacktip Project in US Gulf". Energy Intelligence. 2023-05-19. Retrieved 2024-04-03.
  11. Ghilotti, Davide; Searancke, Russell (2023-05-19). "Repsol makes strategic move with US Gulf of Mexico acquisition". upstreamonline.com. Retrieved 2024-04-03.