Monument

Monument is a proven oil and gas field in the deepwater US Gulf of America, approximately 27 km from the Shenandoah FPS. The Monument development is a two-well subsea tie-back to the Shenandoah FPS. Navitas acquired its interest in connection with the Shenandoah investment, further proving the significant value creation of the Shenandoah infrastructure hub.

The Monument Final Investment Decision was taken in March 2024, and First Oil is expected at the end of 2026.                              To accommodate Monument production, the Shenandoah FPS capacity is being increased from 100,000 BOPD to 120,000 BOPD.