The Marmalard Project.
Reflecting our strategy of targeting among the lowest-cost, lowest-carbon emissions oil and gas in North America, Ridgewood Energy invested in the drilling of the Diller, Marmalard, and Neidermeyer Projects, which was developed as a subsea tieback to the nearby Delta House Floating Production System (FPS).
Ridgewood Energy accessed its interests in the Diller, Marmalard, and Neidermeyer leases and participated in the drilling of exploration wells on all three projects. With estimated total recoverable reserves representing several hundred million gross barrels of oil equivalent, the project partners decided to develop the fields as a subsea tieback to a new floating production system called “Delta House.”
Construction of Delta House was completed and the projects came online in mid-2015.