Project Profile
Value: US$150 million
Location:Green Canyon Blocks 518 and 562 about 175 miles south of New Orleans, Louisiana
Start-up Year: 4th quarter 2012
Reserves: 100 million boe
Production: 60,000 b/d of oil
Water Depth: 4,326ft
The K2 field is located in Green Canyon Blocks 518 and 562 about 175 miles south of New Orleans, Louisiana, at a water depth of 4,326ft. K2 holds an estimated oil reserves of 100 million boe. K2 is one of the first deepwater subsalt Miocene fields to start production from reservoir depths beneath 25,000ft sub-sea true vertical depth. K2 is operated by Anadarko Petroleum which holds 41.8% working interest in the field. Other stakeholders in K2 include Ecopetrol (9.21%), Nippon (11.6%), MCX (11.6%), ConocoPhillips (12.4%) and ENI 13.4%. Produce from K2 is processed at Anadarko\'s Marco Polo TLP in Green Canyon block 608, located seven miles from K2. Approximately 100 million barrels of oil equivalent. K2 includes a two-to-three well cluster in the North Fault Block area and one or two wells in the South Fault Block area, all to be tied back 8 miles to a host tension leg platform. Production capacity of 60,000 b/d of oil. Will tie back to Marco Polo platform.
Operator:
Anadarko: Operator with 41.8% working interest
ENI: 13.4% interest
ConocoPhillips: 12.4% interest
Ecopetrol: 9.21% interest
JX Nippon Oil and Energy: 11.6% interest
Mitsubishi Corporation: 11.6% interest
Contractors:
GE Oil & Gas: EPC services
IntecSea: Support the design and implementation of the K2 Flowlines, Risers, PLETs,
Umbilicals, and Remote Controls at FEED and Detail Design level
Ensco: Drilling contractor
Technip USA: Engineering, technologies and project management contract. The contract covers:
- Project management and engineering.
- Design, fabrication, and installation of two PLEMs and four PLETs.
- Installation of flow line, jumpers and associated terminations and hardware.
- Installation of one free issued dynamic umbilical with SUTA (1) and flying leads.
- Pre-commissioning of the flow line and umbilical gas lift system.