Crown & Anchor (VK959) - Beacon Growthco

Project Name

• Crown & Anchor Project

Location

• The project is located in the Gulf of Mexico, specifically in blocks VK 959, VK 960, VK 1003, and VK 1004. This is indicated by the mention of block numbers in the context of offshore projects.

Operator

• Beacon Growthco Operating Company, L.L.C.: This company is identified as the operator of the Crown & Anchor project.

Associated Companies

• The project may involve other companies, such as LLOG Exploration & Production, which is mentioned in the same context as Beacon Growthco Operating Company. However, the specific roles of these companies in the Crown & Anchor project are not detailed in the provided sources.

Development Plan

• The Crown & Anchor project has a Development Plan, which is a comprehensive document outlining the strategy and steps for the development of the oil and gas fields in the specified blocks. This plan would include details on production methods, infrastructure, and environmental considerations.

Financial and Security Arrangements

• While the specific financial arrangements for the Crown & Anchor project are not detailed in the provided sources, it is common for such projects to involve complex financial structures, including mortgages, assignments of production, security agreements, and financing statements. These arrangements are often secured by the hydrocarbon interests and related assets, as seen in similar oil and gas projects.

Infrastructure and Assets

• The project likely involves various infrastructure and assets typical for offshore oil and gas operations, such as oil wells, gas wells, injection wells, structures, fuel separators, liquid extraction plants, plant compressors, pumps, pumping units, field gathering systems, gas processing plants, pipeline systems, tanks, and tank batteries. These assets are crucial for the operation, working, and development of the hydrocarbon interests.

Regulatory and Operational Agreements

• The project would be subject to various operating agreements, contracts, and other regulatory requirements. These include production sharing contracts, production sales contracts, farmout agreements, farm-in agreements, area of mutual interest agreements, and equipment leases, all of which are common in the oil and gas industry.