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Eugene Island 11 Platform


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Our Company-owned and operated platform at Eugene Island 11 was designed with a capacity of 500 Mmcfd and 6,000 bopd. In September 2010 the Company installed a companion platform and two pipelines adjacent to the Eugene Island 11 platform to be able to access alternate markets. These platforms service production from the Company’s five Dutch wells which are all located in federal waters, and the Company’s five Mary Rose wells which are all located in state of Louisiana waters. From these platforms, gas and condensate can flow to our Eugene Island 63 auxiliary platform via our 20” pipeline, which has been designed with a capacity of 330 Mmcfd and 6,000 bopd, and from there to third-party owned and operated on-shore processing facilities near Patterson, Louisiana, via an ANR pipeline. 

Alternatively, gas can flow to the American Midstream pipeline via our 8” pipeline, which has been designed with a capacity of 80 Mmcfd, and from there to a third-party owned and operated on-shore processing facility at Burns Point, Louisiana. Condensate can flow via an ExxonMobil pipeline to on-shore markets and multiple refineries.

In July 2014, we installed a turbine type compressor capable of servicing all ten Dutch and Mary Rose wells at the Eugene Island 11 platform. We invested approximately $11.7 million to design, build and install the compressor, which began operating at the platform during the third quarter of 2014.

In December 2013, we exercised a preferential right and purchased an additional 7.84% working interest and 6.53% net revenue interest in the five Company-operated Dutch wells from an independent oil and gas company for approximately $15 million, net after customary purchase price adjustments.

For the year ended December 31, 2015, we were producing approximately 50.5 Mmcfed, net to Contango, from this platform.  Proved reserves at our Dutch and Mary Rose wells are 104 Bcfe.

 

 

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