The Gulf of Mexico is home to a trove of oil reserves, and partners in the Lucius oilfield say that as of January 19, 2015, oil production has officially begun. This site is 236 miles southwest of Port Fourchon, which is located in Louisiana. This project will employ thousands of people from Finland to Louisiana to work on various parts of the operation.
What does the Lucius oilfield mean for me?
According to Anadarko Petroleum Corporation, the operator of the oil project, the project can bring 80,000 barrels of oil and 450 million cubic feet of natural gas to the surface every day that it is operation. This is the largest deepwater oil operation the company has developed to date. In fact, Lucius is one of the biggest startup projects to be developed off the Gulf of Mexico in 2015.
The most significant impact of the Lucius oilfield is the immense number of jobs it will bring to the area. From working directly at the site to developing products, employment opportunities are expected to rise to meet operation demands. In addition to employment opportunities for Louisiana residents, the Houma bases will support many of the oilfield's operations. This will connect Anadarko Petroleum Corporation with the community, providing numerous benefits to the area because of this relationship.
In total, the Lucius oilfield is expected to hold 300 million barrels of oil equivalent. Development of oil and gas operations in this area are only expected to continue, further increasing job opportunities and boosting local economies.
With more opportunity to stake an energy claim in the nearby Gulf of Mexico, it is important that landowners, oil and gas companies, operations, and others in charge of maintaining the energy sector in Texas uphold their legal rights. From the rights of mineral interests to handling employee lawsuits, Herring Law Firm is devoted to helping our clients avoid unnecessary litigation while providing effective legal counsel. Get started by calling for a free consultation!