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Beacon Offshore Energy Greenlights Winterfell Oil Discovery Development in Gulf of Mexico, First Oil Expected Q2 2024.

Beacon Offshore Energy has made a final investment decision (FID) on the Winterfell oil discovery in the US Gulf of Mexico. The discovery is planned to be developed as a subsea tieback to the Anadarko Petroleum-operated Heidelberg spar. The development plan involves connecting the field through a recently installed 21km long subsea linkback. The first oil from the field is expected to be achieved in early Q2 2024. From its initial wells, the field will yield gross production of around 22,000 barrels of oil equivalent per day.

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