Fieldwood awards Genesis GoM crude transport contract

Fieldwood Energy LLC, along with Ridgewood Katmai LLC and ILX Prospect Katmai LLC—two entities managed by Ridgewood Energy Corp.—awarded Genesis Energy LP contracts to provide downstream transportation services for 100% of crude oil production associated with the deepwater Gulf of Mexico Katmai field development through the existing Tarantula production platform, owned by Fieldwood. First deliveries of oil are anticipated second-quarter 2020.

Tarantula, in South Timbalier Block 308, can process up to 25,000 b/d from Katmai, in Green Canyon Blocks 39 and 40. Crude will be shipped through Genesis’s 100%-owned Tarantula lateral to its 64%-owned Poseidon system for delivery to shore.

The contracts for Katmai include life-of-lease dedications. No capital was required by Genesis to connect Katmai production to its assets.

Fieldwood acquired Katmai from Noble Energy Inc. in early 2018 as part of the former’s Chapter 11 bankruptcy restructuring.