Front Runner (GC339) - Murphy

Location

The Front Runner (GC339) project is located in the Federal offshore waters of the United States, specifically in the Green Canyon blocks 338 and 339 of the Gulf of Mexico. The exact coordinates are 27.615, -90.443 (WGS 84).

Project Details

Status and Operator

The Front Runner (GC339) project is an operating oil and gas asset, with Murphy E&P Company serving as the operator.

Ownership

Murphy Oil Corp. holds a 37.5% interest in the project. The other partners include Dominion Exploration & Production Inc. with a 37.5% interest and Spinnaker Exploration Co with a 26% interest.

Discovery and Production

The field was discovered in 2001. While the exact year of the Final Investment Decision (FID) is not specified, production from the field has been ongoing. The first well was completed, and production started with plans to complete additional wells.

Production Capacity and Current Output

The Front Runner development utilizes a spar facility, which is capable of handling 60,000 barrels of crude oil per day (b/d) and 110 million cubic feet of natural gas per day (MMcf/d).

As of the latest available data:

• The cumulative production as of 2019 was 43.3 million barrels of oil and 1,231.77 million cubic meters of gas.
• In 2020, the annual production rates were 1.61 million barrels of oil and 44.74 million cubic meters of gas per year.
• By 2022, the annual production rates had adjusted to 0.71 million barrels of oil and 26.18 million cubic meters of gas per year.

Reserves

As of 2019, the remaining reserves were estimated at 10 million barrels of oil and 286 million cubic meters of gas.

Water Depth and Facility

The project is located in a water depth of approximately 3,100 feet. The production facility is a spar, which is a type of floating production system designed to handle the specified production capacities.

Wells and Expansion

The initial production began from the first of eight planned wells. Murphy Oil plans to run three risers and then proceed to the second completion, indicating ongoing development and expansion of the field.