• 2017 November 22 15:03

  Otto Energy confirms the installation of the jacket and decks comprising the SM 71 F Platform

  

  Otto  Energy Ltd has announced that  the  operator  of  the  South Marsh  Island  71  (SM  71)  oil  and  gas  development  has  confirmed  that installation  of the  jacket  and  decks  comprising  the  SM  71  F Platform  is now  complete. 

  The  Tetra  Hedron derrick  barge  has  de -mobilised  off location  after  successfully  placing  the  jacket  and  decks  over  the  SM  71  F1  well  ( drilled  in  2016 ) and securing  the  structure  with  pilings. SM  71  F Platform  in  the  Gulf  of  Mexico Assuming  current  weather  forecasts  hold,  the  Ensco  68  drilling  rig  is  scheduled  to arrive  at SM  71  on Saturday,  25  November.

  Once  on  location,  crews  will  prepare  for  drilling  operations  on  the  SM  71  F2  well. The  SM  72  F2  well  has  two  targets : the  B65  Sand  and  the  D5  Sand.  The  B65  Sand  has  the  potential  to  double  the  current  field  size  of  SM  71. Otto’s  Managing  Director,  Matthew  Allen,  commented: “Completing  the  installation  of the platform  is a major  achievement  and we  congratulate  Byron  and  their  contractors  on  achieving this  in  a safe  and  efficient  manner.

  First  production  from  the  SM 71 F platform  is currently  expected  by  late  January  2018  after  completion operations  on  the  SM  71  F1  and F2  wells. Otto  holds  a 50%  working  interest  (40.625%  net  revenue  interest)  in South  Marsh  Island  Block  71 . The operator,  Byron,  holds  the  remaining  50%  working  interest.

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