Stats on Vermilion Oil Rig 380
In its 2008 annual report, Mariner Energy, the owner of the rig, paints a detailed picture of Vermilion Oil Rig 380, the shallow water rig that exploded off the
Jul 31, 2020301K Shares4M Views
In its 2008 annual report, Mariner Energy, the owner of the rig, paints a detailed picture of Vermilion Oil Rig 380, the shallow water rig that exploded off the coast of Louisiana today.
“„Our largest field in the Gulf of Mexico Shelf by reserves is Vermilion 380. At year-end 2008, estimated proved reserves attributed to this field were 33.1 Bcfe [billions of cubic feet], consisting of approximately 50% oil and 50% natural gas. During 2008, we drilled three wells and completed one well before Hurricane Ike damaged the platform. Hurricane Ike also interrupted the drilling of a fourth well. Remaining development involves finishing the drilling of the fourth well, drilling a fifth well and completing the remaining wells. We anticipate that production from the five new wells will commence by third quarter 2009. The field currently has two producing wells (one of which is the new well we drilled and completed in 2008) in 340 feet of water. These two wells produced approximately 0.5 Bcfe in 2008.
Mariner Energy describes itself as an “independent oil and gas exploration and production companies in the Gulf of Mexico” on its website. As of the end of 2009, it has interests in 240 federal leases on the outer continental shelf. About 85 percent of the company’s production comes from offshore leases, the website says.
According to the company’s 2009 annual report, Mariner Energy holds a 100 percent working interest in Vermilion 380. The rig produced 1.1 Bcfe total in 2009. It’s total proved reserves are 33.3 Bcfe, which is made up of 47 percent oil and 53 percent natural gas.
Rhyley Carney
Reviewer
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