Production from the project’s first three wells is expected to reach about 45,000 barrels of oil equivalent (BOE) per day.
A fourth development well is expected to be drilled and completed later this year as part of the planned first phase of the development.
Caesar Tonga, in which Statoil Gulf of Mexico has a 23.55% working interest, has an estimated resource base of 200 to 400 million BOE.
Caesar Tonga is developed as a subsea tieback to Anadarko Petroleum’s Constitution spar floating production facility in about 5,000 feet of water in Green Canyon Block 680 as a host.
Anadarko Petroleum is the operator of the project with 33.75% interest; and co-owners in the project Shell Offshore and Chevron U.S.A. hold 22.45% and 20.25% stakes respectively.
