Bowsprit Oil Development – Prominence Energy NL
Company name: Prominence Energy NL
Address: Level 2, 30 Richardson Street, West Perth, Western Australia 6005
Phone number: +61 (8) 9321 9886
E-mail: Alex Parks
Company Website: www.ProminenceEnergy.com.au
Project : Bowsprit Oil Development – Prominence Energy NL
Type of deal: Farm out
Basin: Gulf of Mexico
Type of project: Development
Location (On/Offshore): Shallow Water
Area: North America
Description:
  • Prominence Energy NL holds 100% of Leases SL21754 & SL21787 (74%NRI), covering 1,155 acres, in 1.2 billion bbl and 5tcf.

  • Leases contain former fields, prospects and leads. Shell discovered a gas field in 1955 at 9,500ft TVD (~46bcf produced).

  • Primary project is Bowsprit Field, a re-development of a small proven oil field, containing light sweet crude.

  • Bowsprit discovered by Shell wells, 7,400ft deep, ~30ft sand, produced ~76,000bbl from vertical wells in 1960's, ~100 bopd/well, not commercial for full field. Prominence Energy NL plans to re-develop using horizontal well(s).

  • Horizontal well in nearby analogous field was production tested at 1,500 bopd. RISC modelled a 1,200ft horizontal crestal well in the Upper Miocene sand between two former producers as capable of up to 2,000 bopd and EUR of 670,000bbl.

  • High Quality 3D seismic shot 1997, reprocessed in 2002, Multiclinet since 2014.
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