American Oil and Gas Reporter - November 2015 - 65
Make Delta
House A Model
Of Private Equity
Infrastructure
Ownership
By Rick Fowler, John F. Erhard and Adam N. Kuhnley
COVINGTON, LA.-In mid-2012, LLOG Exploration Company LLC and its working interest partners had secured
leasehold interests and successfully drilled appraisal wells in the vicinity of the Gulf of Mexico's Mississippi
Canyon Block 254. In total, the producer group had identified two discoveries and a prospect with an offset
discovery, which it sought to combine to anchor the Delta House multiple-field development project in the
Mississippi Canyon Miocene play.
Given Delta House's sizable reserve estimates and the lack of available proximate host capacity, LLOG and its
partners sought a new-build gathering, processing, and take-away solution, with the ambitious goal of achieving
first production by mid-2015. Typical Gulf floating production system developments take five-seven years and cost
in excess of $1 billion. Thanks to the innovative financing structure and commercial arrangements, the Delta House
semisubmersible FPS and its associated oil and gas laterals ultimately were built and deployed within three years for
about $850 million.
NOVEMBER 2015 65
American Oil and Gas Reporter - November 2015
Table of Contents for the Digital Edition of American Oil and Gas Reporter - November 2015
Contents
American Oil and Gas Reporter - November 2015 - Cover1
American Oil and Gas Reporter - November 2015 - Cover2
American Oil and Gas Reporter - November 2015 - Contents
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American Oil and Gas Reporter - November 2015 - Cover3
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