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 Odd Job Project, which was developed as a subsea tieback to the nearby Delta House Floating Production System (FPS).
Odd Job presented an opportunity for Ridgewood Energy Funds to participate in a “drill ready” project with an excellent operator and access to production capacity through the nearby Delta House floating production system.
Ridgewood Energy accessed its interest in Odd Job just a few months before it was scheduled to begin drilling. Previously, the original operator of the project participated in a well on one of the Odd Job lease blocks, which provided critical geologic information regarding the presence of hydrocarbons, and substantially aided Ridgewood Energy’s evaluation of the opportunity.
Ridgewood Energy’s initial well on Odd Job came online in Q4-2016, and the project partners have subsequently drilled, completed, and produced from two additional wells.