Modiin's primary asset is Big Foot, a deepwater oil field located in Walker Ridge Block 29 in the U.S. Gulf of America, where Modiin holds a 12.5% working interest through ME BigFoot LLC, a subsidiary in which Modiin holds a 90% interest. Big Foot is operated by Chevron (60%) alongside Equinor (27.5%), placing Modiin in partnership with two of the world's leading offshore operators. The field is developed through an extended tension leg platform standing in approximately 5,200 feet of water, one of the deepest platforms of its kind in the world. The facility has a production capacity of 75,000 barrels of oil per day and includes 15 well slots supporting current production and future development. Big Foot produces high quality crude oil from a well understood Miocene reservoir, with a dedicated drilling rig on the platform committed to ongoing field development. Spare platform capacity and multiple undrilled well slots provide meaningful upside through additional development wells and potential future tiebacks from nearby discoveries. Big Foot marks Modiin's entry into the deepwater Gulf of America and represents a significant step in the company's growth strategy.
North Park is a high quality oil field with approximately 60 producing oil and gas wells, and Modiin holds a multi-year development plan with dozens of additional drilling locations.
Modiin also own 10.5% in the “Shimshon” lease offshore Israel that also includes the “Dakar” prospect, a natural gas prospect with a 10TCF prospective resources estimate.
Modiin owns few producing wells in California with partners (AERA, CRC and others).
