Gulf of Mexico
Status
Under Development
Working Interest
28.57%
Navitas Reserves
32 MMBOE (2C)
Operator
Beacon Offshore Energy
Monument is an oil and gas field located in the deepwater of US Gulf of Mexico, approximately 27 km from Shenandoah’s FPS. There will be a subsea tieback connection to Shenandoah FPS as part of the project development. The Monument development leverages the Shenandoah infrastructure, and the Shenandoah FPS capacity will be increased by approximately 20% to 120,000 barrels of oil per day. As part of this project, Shenandoah’s partners will provide production handling services.
First oil is expected in 2026 following the Final Investment Decision taken in March 2024.
An investment of USD 300 million was made prior to Navitas Petroleum’s entrance into the project.
Partners
