ST Deep

The ST Deep area consists of three large legacy Chevron oilfields (South Timbalier 131, 135, and 176), which have produced 300 million barrels and 1.5 TCF over the last 50 years. Under our arrangement with Chevron, Arena Offshore is committed to undertaking substantial development activities—including the installation of two new platforms—in exchange for earning a 70% working interest and assuming operatorship of the ST Deep area. Production from the field is expected to average 5,000 to 10,000 BOEPD during the 2015-2017 timeframe as Arena’s exploitation efforts ramp up during that period.