Shenandoah is a world-class, proven and well-appraised oil and gas field in the deepwater US Gulf of America and is Navitas Petroleum’s most significant investment to date. Navitas Petroleum’s 49% working interest was acquired in a series of transactions in 2018 and 2019 after prior owners had invested more than USD 1.8 billion in exploration and appraisal activities.
Since its final investment decision (FID) in August 2021, the Shenandoah project initial development phase has progressed to imminent first oil mid-year 2025. The development is anchored by a floating production system (FPS) initially designed to be capable of producing and exporting approximately 100,000 BOPD. In 2024, the FPS was expanded to 120,000 BOPD to enable the addition of the Monument project subsea tieback. The FPS fabrication by HD Hyundai Heavy Industries is complete and, as of Q1 2025, the FPS is in the US Gulf of America.
In December 2024, the Shenandoah partner group announced an FID on a further expansion of the Shenandoah initial development phase: the Shenandoah Expansion. It will include an increase of the FPS capacity to 140,000 BOPD by early 2026, installation of a subsea pump, and the drilling of two additional development wells. The Shenandoah Expansion is planned to be implemented during the period 2025–2028.
Partners
