Elkhorn

PROJECT STATEMENT

Arena Energy's Project Elkhorn will repair, overhaul, and restart offshore platforms near Eugene Island, Louisiana, supporting thousands of good-paying American jobs while increasing oil and natural gas production capacity.

PROJECT SUMMARY

In November 2026, EDF closed on a loan package to Arena Energy for a $480 million loan supporting Project Elkhorn, an energy-infrastructure reinvestment project in the Gulf of America. The project will help to further the goals of President Trump’s Executive Order Unleashing American Energy by supporting infrastructure projects that ensure abundant, reliable energy for Americans.   

ENERGY IMPACT

The Elkhorn project financing will help Arena retool, refurbish, repower, and expand capacity across 22 offshore platforms off the coast of Louisiana, extending their use and enabling critical infrastructure upgrades. These critical infrastructure upgrades will extend the useful life of the platforms and are expected to add approximately 125 million barrels of additional U.S. oil and natural gas production over the life of the project, helping ensure Americans have access to affordable, reliable, and secure energy while maintaining the highest standards of operational and environmental safety.

ECONOMIC IMPACT

Project Elkhorn will support 2,800 jobs, including 400 operations roles and 2,400 construction jobs, helping strengthen regional workforce opportunities in one of the nation’s most important offshore energy corridors. Additionally, the increase in oil and natural gas production resulting from this project will lead to an estimated $1.6 billion in additional royalties collected by the federal government, marking a return over three times for the American taxpayers.

PROJECT STATISTICS

* Estimated at the time of closing