Prometheus Field Development Project
The Prometheus Field development project consists of three contiguous deepwater Federal OCS leases (Alaminos Canyon 903, 904 and 947) located in the prolific Perdido Fold Belt. The field, which was discovered in 2001, is characterized by a large resource base. Atlantia and its industry partners have generated a plan to develop the field to achieve first production in 2024 with a field life of 25-30 years. The development plan will require the installation of a Floating Production Unit along with oil and gas export systems. This new infrastructure will be designed with excess capacity to allow processing and transportation of oil and gas from stranded or non-developed assets in the area via subsea tie-backs.
Atlantia Resources has partnered with Global Oil and Gas Resources Inc. and Zv Holdings LLC to secure partners and funding sources for this and future projects.