May 13, 2022

THIRD COAST ANNOUNCES FIRST COMMERCIAL PRODUCTION AT THE KING’S QUAY FLOATING PRODUCTION SYSTEM IN THE DEEPWATER GULF OF MEXICO

HOUSTON, April 22, 2022 /PRNewswire/ — Third Coast Super Holdings, LLC (“Third Coast”), is pleased to announce that the Kings Quay Floating Production System (“Kings Quay FPS”) obtained the first oil from the fields of Khaleesi, Mormont and Samurai on April 12, 2022. Third Coast owns 50% of Kings Quay FPS, which is also partly owned by entities managed by Ridgewood Energy Corporation, including ILX Holdings III, LLC.

Kings Quay FPS is a pay-for semi-submersible floating production system with associated oil and gas export laterals. The FPS has the capacity to process 85,000 barrels of oil per day and 100 million cubic feet of natural gas per day. Kings Quay FPS is operated by Murphy Exploration & Production Company – UNITED STATES. Completion operations continue for five remaining initial wells from three fields, with full production expected by the end of the year.

“Third Coast is delighted and delighted that Kings Quay FPS completed its first commercial production ahead of schedule and under budget. Most importantly, this was achieved without incident or lost time injury during the construction and installation phase, a truly remarkable achievement. We are excited to expand our deep water footprint in the gulf, and specifically in Green Canyon, with our interest in Kings Quay FPS and our relationship with Murphy and the Kings wharf producer group,” said Matt Rowland, President and CEO of Third Coast. Mr. Rowland continued, “We look forward to another successful partnership with Murphy which operates our two majority-owned FPS assets, Delta House and Kings Dock.”

About Third Coast Super Holdings, LLC

Based at Houston, TX, Third Coast is a full-service midstream company whose assets provide critical infrastructure primarily connecting natural gas production to end-use markets. Third Coast’s vertically and horizontally integrated assets are strategically located along the Gulf Coast and in the Gulf of Mexico. Third Coast currently owns or has an interest in approximately 1,200 miles of interstate and intrastate pipelines, as well as ownership of a gas processing plant and two offshore semi-submersible floating production systems with combined processing capability. up to 185 MBbl/d of crude oil and 340 MMcf/d of natural gas. For more information about Third Coast, visit www.third-coast.com.

For media inquiries:
Third Coast Super Holdings, LLC
Nadine Moustapha
General Counsel
(346) 341-3412

SOURCE Third Coast Super Holdings, LLC