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The first tier was completed in 1999 resulting in the development of the Thebaud, North Triumph, and Venture Natural Gas Fields . =History In 1979 the drill rig "Gulftide" struck success and the Venture field was discovered. At the time, the cost of developing the gas field proved prohibitive. Extreme North Atlantic Ocean weather and low natural gas prices were blamed. In 1995 , improvements in drilling technology along with an increase natural gas prices made recovering the gas economic allowing SOEP to emerge. In January 1998 , ground was broken for the Goldboro gas plant. In November, the Galaxy II rig spuds the first production well at the Thebaud field. The Thebaud platform and wellhead were installed in August 1999. In September, the sub-sea pipeline linking the sable fields to Goldboro gas plant 225 km away was completed. In November, construction of the fractionation plant and gas plant were completed and first natural gas was recovered a month later offshore. First gas shipped to market in January 2000 . =Fields The fields of SOEP are being developed in two stages. The Thebaud, North Triumph, and Venture were developed in the first stage and completed in 1999. The first Phase II platform, Alma, came onstream in late 2003 while production from South Venture, the second field began late in 2004 . =Facilities Offshore
Onshore
=Consortium Partners
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