4D has secured a lease in Freeport, Texas to launch its Gulf of Mexico operations. The two-story office building sits on 4.75 acres located at 936 E. Floodgate, just north of the Intracoastal Waterway. The facility was previously used by Offshore Oil Services, Inc. to supply offshore drilling platform and run crew boats. The property has approximately 600 feet of frontage on the Brazos River, with 14 feet of depth at the concrete bulkhead shoreline.
4D plans to utilize the facility primarily to capture and analyze fields off the shores of Texas and Louisiana but is seeking an opportunity to work with China if they pursue drilling sites off of Key West, Florida in Cuban waters. The Cuban field is widely believed to be rich in hydrocarbon but has been off limits to U.S. companies due to sanctions. The entree of China may create a situation where 4D can become active with the fields without contravening U.S. law.
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