by Valerie Jones
Monday, September 24, 2018
The company has been notified by the BOEM that its bids for three GoM blocks were accepted.
Australian company Byron Energy Inc. is expanding its presence in the U.S. Gulf of Mexico, having been advised by the Bureau of Ocean Energy Management (BOEM) that three bids in Main Pass have been accepted, the company announced Sept. 21.
Byron bid for Main Pass 293, 305 and 306 leases at the Gulf of Mexico Lease Sale 251 on Aug. 15 in New Orleans.
The BOEM’s announcement confirms Byron’s 100 percent working interest in the three leases. They comprise the MP 306 field as formerly designated by the BOEM. The MP 306 Field was discovered in 1969 and lies in about 200 feet of water. The field produces a total of 96 million barrels of oil and 107 bcf of gas from 172 of the 249 drilled wells.
The field stopped production in late 2009 and the last well drilled on any of these blocks was in 2004.
“The MP 293/305/306 project adds another highly prospective salt dome to our growing inventory of quality acreage in the shallow waters of the Gulf of Mexico,” Byron’s CEO Maynard Smith said in a company statement.
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