By OGJ editors
HOUSTON, Aug. 23 -- Helix Energy Solutions Group Inc. said a subsidiary is acquiring interests in three Gulf of Mexico oil fields from Chevron Corp., BHP Billiton, and Noble Energy. Financial terms were withheld.
The agreement, subject to the US Minerals Management Service approval of a new development plan, involves Typhoon, Boris, and Little Burn fields.
Typhoon and Boris production has been shut-in since Hurricane Rita damaged the Typhoon platform in September 2005. During the last month of production, the combined flow rate from two Typhoon wells and two Boris wells averaged 13,000 b/d of oil and 21 MMcfd of gas.
A new well, Typhoon 4, flowed on test at 7,700 b/d last year before the storm. Similar flow rates are expected from a Little Burn development well drilled by BHP in 2005. Helix plans to redevelop all the fields and expects production in mid-2008.
Helix unit Energy Resource Technology Inc. is purchasing 100% interest in Typhoon from Chevron and BHP, each of which own 50% interest. Typhoon is on Green Canyon Blocks 236-237.
BHP owns 50% interest in Boris oil field on Green Canyon Block 282 while Chevron and Noble Energy each own 25% interest. BHP owns 60% interest in Little Burn oil field on Green Canyon Block 238 and Noble Energy owns 40%.