Talos Energy has tapped EDG to conduct the topsides modification work on the Ram-Powell tension-leg platform related to the planned Venice and Lime Rock subsea tiebacks in the deepwater Gulf of Mexico. EDG will be responsible for the engineering and design of the platform additions, including all equipment integration, piping, structural, instrumentation, and electrical additions and modifications.
Financial details of the contract were not disclosed.
In January, Talos said exploration wells at its Lime Rock and Venice prospects both discovered commercial quantities of oil and natural gas.
The Lime Rock probe encountered 78 ft of net hydrocarbon pay in the Upper Miocene M66 sand, while the Venice test intersected 72 ft of net pay in the same sand. Venice is understood to have additional potential behind-pipe opportunities in shallower zones. Talos holds a 60% working interest in the two discoveries.
The tiebacks are being fast-tracked. Completion operations are planned for the second half of 2023, with first production from both wells by the first quarter of 2024.
Talos acquired Ram-Powell in 2018. The field had produced over 250 million BOE. Seismic reprocessing near the structure identified both Lime Rock and Venice, according to the operator. Each field is estimated to hold between 20 and 30 million BOE.
Talos said that once the new satellites are online, Ram-Powell’s production will be at the highest point it has been in the past 15 years.
