The company Subsea7, has been selected by the North American company Talos Energy, to carry out developments in the Sunspear project, and to carry out a well interconnection located in the Gulf of Mexico.
The scope of the Sunspear project
This project will consist of the subsea interconnection of a production well at Sunspear to the Prince platform, located 12 kilometers to the north. This connection will be made in waters with a depth of 500 meters. Although a figure has not been specified by Subsea7, the contract could be valued at between US$50 million and US$150 million, highlighting the magnitude of the deal.
From its Houston office, Subsea7 will coordinate project management and installation engineering for the project, with activities scheduled to begin over the course of 2024.
Major well interconnection contract for Subsea7
Craig Broussard, Subsea7 vice president for the Gulf of Mexico, has highlighted this contract as a reinforcement of the strategic partnership with Talos Energy, promoting collaboration from the early stages of the project to ensure a more efficient and predictable execution.
The company Talos Energy confirmed in August 2023 the discovery of oil and gas in Sunspear, located in Block 78 of Green Canyon. Preliminary drilling results revealed an oil layer approximately 260 feet thick vertically in gross, with 177 net feet distributed over two main targets.
The extracted oil will be directed to the recently acquired Prince platform, with first oil expected in 18 to 24 months, the company said after the discovery. Talos’ partners in this project include Ridgewood Energy Corporation with 47.5%, and Houston Energy with 4.5%.
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Source: Talos Energy
Photo: Shutterstock
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