Monument is a conventional oil development located in ultra-deepwater in the US and is operated by BOE Exploration & Prodction. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Monument was discovered in 2020, lies in block Walker Ridge 316, Walker Ridge 272, Walker Ridge 271, and Walker Ridge 315, with water depth of around 6,833 feet. Buy the profile here.
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The project is currently in approval stage and is expected to start commercial production in 2026. Final investment decision (FID) of the project was approved in 2023. The development cost is expected to be $855 m. The Monument conventional oil development will includes subsea manifold and subsea trees.
Field participation details
The field is owned by Beacon Offshore Energy, Navitas Petroleum and Repsol.
Production from Monument
Production from the Monument conventional oil development project is expected to begin in 2026 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2056.
Contractors involved in the Monument conventional oil field
The key contractors involved in the Monument project as follows.
Other Contractors: Noble
For more details on the Monument Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
