Shenandoah South

Shenandoah South, formerly known as North Yucatan, is an oil and gas discovery in the deepwater Gulf of America, adjacent to the Shenandoah field. Navitas acquired a 41.85% working interest in 2018.  The Shenandoah South partnership is actively advancing the project development plan. A subsea tie-back scheme to the Shenandoah infrastructure will provide a cost-effective […]

Shenandoah

Shenandoah is a world-class, proven and appraised oil and gas field in the deepwater US Gulf of America and is Navitas’ most significant investment to date.  Navitas’ 49% working interest was acquired in a series of transactions in 2018 and 2019. 

The Shenandoah development has been well underway since August 2021 The development is anchored by a semi-submersible floating production system (FPS) capable of producing and exporting approximately 100,000 barrels of oil per day. First oil is expected in December 2024 from four production wells.

The total budget for the project is USD 1.8 billion (for 100% of the interests in the Project). Fully committed capital has been raised in the form of equity and credit facility.

Buckskin

Buckskin is a deep water oil and gas field in the Gulf of America that began producing in 2019. The Buckskin project is tied back to the Lucius platform, which OXY manages and operates.
The Buckskin development has exceeded expectations; in fact, two of the original wells are ranked among the top ten producing wells in the Gulf of America (for the years 2021 and 2022). In the near term, drilling plans include full-scale, organic development of the field over the coming decade.

Denbury Onshore JV -US Gulf Coast Onshore

Navitas holds a 50% working interest in four conventional oil and gas assets in southeast Texas: Webster, Thompson, Manvel and East Hastings fields. Navitas, as operator, successfully executed the first horizontal drilling campaign in those fields, which was completed in 2022. Furthermore, Denbury (subsequently acquired by ExxonMobil) executed an additional horizontal drilling and development campaign […]

Neches

Neches is an onshore conventional oil and gas asset in East Texas. Navitas Petroleum operates and holds a 98% working interest in this 9,400-acre field.    

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. […]