Gulf of Mexico
Status
Discovery
Working Interest
20%
Navitas Reserves
24 MMBOE (2C)
Operator
Beacon Offshore Energy
Monument oil and gas discovery is located in the deepwater of US Gulf of Mexico, approximately 27 km from Shenandoah’s FPS. There will be a subsea tieback connection to Shenandoah FPS as part of the development of the project. The Monument development leverages the Shenandoah infrastructure, and the Shenandoah FPS capacity will be increased by approximately 20% to 120,000 barrels of oil per day. As part of this project, Shenandoah’s partners will provide production handling services.
FID is expected by the end of 2023.
An investment of USD 300 million was made prior to the acquisition of Navitas Petroleum.
Partners
