South Marsh Island 71 (SM 71)


Ownership: 50.00% with Byron Energy Inc (50% and Operator)
Status: Production
Location: Offshore Gulf of Mexico
Area: 12.16 km2

Otto owns a 50% Working Interest (“WI”) and a 40.625% Net Revenue Interest (“NRI”) in the South Marsh Island block 71 (“SM 71”), with Byron Energy Limited (“Byron”) the operator, holding an equivalent WI and NRI. Water depth in the area is approximately 137 feet. Production commenced from two wells (F1 and F2) in March 2018 and the F3 well on 6 April 2018.
On 14 January 2019 production and sales from the SM 71 facility passed the benchmark of 1 million barrels of oil (gross) since initial production began on 23 March 2018.