StatoilHydro: Development project sanctioned in US Gulf of Mexico
The Caesar Tonga Project has been sanctioned by the StatoilHydro board.
The Anadarko operated Caesar Tonga development consists of three discoveries, Tonga and Tonga West which were acquired in 2005 as part of the EnCana acquisition and Caesar which was acquired from Plains in 2006, reports StatoilHydro.
The three discoveries have been combined into one project to be developed as a subsea tie-back to the Anadarko operated Constitution Spar. StatoilHydro has 23.55% working interest in the development. Other co-owners are Shell and Chevron.
“We are very excited to start another development in this promising area,” says StatoilHydro’s asset manager Randy Perry (photo). Caesar Tonga is located just south of the Tahiti development which will come on stream this summer. “We are expecting similar sand qualities which should give us good recovery rates from the field,” he adds.