Galveston (GA209) - Arena Offshore

Location and Geology

• The Galveston 209 oil field is located in shallow water in the Gulf of Mexico, specifically within blocks High Island 208, High Island 193, Galveston 192, and Galveston 209. The water depth at this location is approximately 58 feet.

Ownership and Operation

• The field is owned by Arena Energy and San Juan Offshore, with Arena Offshore serving as the operator.
• Arena Offshore, headquartered in The Woodlands, Texas, with an additional office in Lafayette, Louisiana, is a prominent oil and gas operator and producer focused on the Gulf of Mexico Shelf.

History and Development

• The GA 209 field was initially developed as a gas field in 1990. However, in 1997, it was discovered to have shallower oil reserves as well.
• Arena Offshore acquired the GA 209 field from Exxon in 2019, expanding its portfolio of offshore oil and gas fields.

Production Details

• The Galveston 209 conventional oil field has recovered 76.75% of its total recoverable reserves as of the latest data. Peak production was achieved in 2000.
• Based on economic assumptions, production from the field is expected to continue until it reaches its economic limit in 2047.

Operational Capabilities

• Arena Offshore operates more than 30 offshore oil and gas fields on the Gulf of Mexico Shelf, including the Galveston 209 field. This involves managing approximately 120 platforms and over 300 producing wells.
• The company has a strong track record in drilling and operating offshore oil and gas wells, typically drilling 20-30 wells per year and having operated more than 200 offshore drill wells in the federal waters of the Gulf.

Affiliated Companies and Services

• Arena Offshore works closely with its affiliate companies, including Arena Energy, which focuses on identifying new drilling opportunities using expert insight and advanced technology.
• Another affiliate, White Fleet, assists Gulf operators in taking projects from conception to drilling, completion, and abandonment. Rosefield Pipeline, another affiliated company, provides midstream expertise in transporting crude oil and natural gas throughout the Gulf of Mexico Shelf.

Operational Excellence

• Arena Offshore is recognized for its highly skilled offshore gas production operations and engineering teams, which are among the best in the Gulf of Mexico basin. The company emphasizes efficiency and safety in its operations.