Platform installed at Coelacanth field in Gulf of Mexico

Walter Oil & Gas Corp., Houston, reported the successful installation of the recently completed Coelacanth field platform on Ewing Bank Block 834 (EW 834) in the Gulf of Mexico.

The company says the 1,312-ft conventional 4-leg, 9-slot platform is the third largest fixed conventional platform in the gulf. It was built in Gulf Marine Fabricators’ yard in Ingleside, Tex.

After a 2½-day process of loading the platform’s 60-million lb jacket onto the launch barge, sail-away took place on Oct. 15.

The platform is designed to produce 30,000 b/d of oil and 60 MMcfd of natural gas, and is expected to serve as host for future discoveries in the area.

Coelacanth field is in 1,200 ft of water and spreads across four gulf OCS Blocks: EW 834, EW 835, EW 790, and Mississippi Canyon 793, about 125 miles south of New Orleans. The field will produce from two geo-pressured reservoirs below 20,000 ft on the north side of a salt structure.

Partners in the project are Walter Oil & Gas with 50.5% interest; Ridgewood Energy Corp. as manager for its Funds and for ILX Holdings LLC, a Riverstone Holdings LLC company, with 32.5%; Gordy Oil Co. 16%; and Houston Energy Deepwater Ventures LLC 1%.

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