Eugene Island Block 18 - Castex

Project Overview

• Location: The Eugene Island Block 18 is situated in the Western Gulf Basin, specifically in Louisiana, United States. The exact coordinates are 29.3834, -91.4891 (WGS 84).

Operator and Ownership

• Operator: The project is operated by Texas Petroleum Investment Co..
• Owner: The specific ownership details are not provided in the available sources, but it is managed by Texas Petroleum Investment Co..

History and Development

• Discovery Year: The asset was discovered in 1954.
• Production Start Year: The exact year when production started is not specified, but it is currently an operating asset.

Production Data

• Oil Production:
  • In 2020, the project produced 0.12 million barrels per year (bbl/y).
  • In 2022, the production increased to 0.28 million bbl/y.
• Gas Production:
  • In 2020, the project produced 5.33 million cubic meters per year (m³/y).
  • In 2022, the gas production was significantly higher at 16.52 million m³/y.

Current Status

• The Eugene Island Block 18 is currently an operating oil and gas asset, indicating that it is actively producing oil and gas.

Geographical Context

• The project is part of the larger offshore oil and gas operations in the U.S. Gulf of Mexico, an area known for its favorable geologic and economic conditions, including multiple reservoir formations and extensive infrastructure.

Additional Context

• While the specific project details are focused on Eugene Island Block 18, the broader context of offshore oil and gas operations in the Gulf of Mexico involves complex infrastructure, including drilling rigs, platforms, and subsea facilities. Companies operating in this region, such as Talos Energy, often engage in optimization of existing assets, near-field development projects, and exploration activities to grow their asset base.