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Ridgewood Energy Corporation Invests in King's Quay Floating Production System

Vinson & Elkins advised affiliates of Ridgewood Energy Corporation on their investment in the King’s Quay Floating Production System (“FPS”) to be located in the Gulf of Mexico. The FPS is more than 90 percent built and is scheduled to go into service in mid-2022. The FPS is designed to process 80 thousand barrels of oil per day and 100 million cubic feet of natural gas per day, and will handle the anticipated production from the Khaleesi / Mormont and Samurai fields. The FPS is owned by affiliates of ArcLight Capital Partners and Ridgewood Energy Corporation, which also manages an interest held by ILX Holdings III.

The V&E team was led by partner Robert Seber and associate Matt Usdin. Also advising were partner David Peck and associate Miron Klimkowski; and partners Shay Kuperman, John Michael and Danielle Patterson, senior associate Mike LeFevre and associate Helen Xiang.

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