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ArcLight acquires 26.5% in Shell's Perdido

OE Staff Tuesday, 09 January 2018 10:02

A Boston-based private equity firm ArcLight Capital Partners has acquired a 26.5% non-operated stake in Shell's Perdido Regional Host from BP.

The Perdido Regional Host spar platform is the only deepwater production facility serving the Gulf of Mexico’s Perdido Foldbelt Trend, one of the most prolific and strategic plays in the Gulf of Mexico, says ArcLight. 

The facility is moored in the southern Alaminos Canyon in about 8000ft water depth about 6mi from the US/Mexican maritime border and 220mi south of Galveston, Texas.

“We are very pleased to complete another transaction with BP, our third in the last six months” said Dan Revers, Managing Partner and Founder of ArcLight. “This investment in Perdido is a continuation of our strategy of identifying and executing quality investment opportunities in the deepwater Gulf of Mexico.

Perdido represents a world class infrastructure asset supported by strong, predictable cash flows from supermajor counterparties producing from established fields.” 

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2018-10-21 05:39:51pm