Eni Announces Production Begins from its King Kong and Yosemite Gulf of Mexico Projects

abarrelfullabarrelfull wrote on 20 Apr 2014 20:01

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March, 6, 2002

Eni today announced that the King Kong and Yosemite projects in the Gulf of Mexico started production at approximately 120 million cubic feet of natural gas per day with the target to reach 150 million per day.

The King Kong and Yosemite project, located in the Green Canyon area, is developed by three subsea wells at 1170 meters of water depth, connected to Agip Petroleum's Allegheny platform, approximately 25 km away.

Eni, through its affiliate Agip Petroleum Co. Inc., with 50% ownership is the operator for the production phase and future development activity.

Production start-up occurs thirteen months after Agip Project sanction and eight months after Yosemite discovery.

With such production, Agip Petroleum consolidates its position in the highly competitive and prolific area of the Gulf of Mexico, reaching a level of 62000 net boepd, 70% of which is from the deep water.

The development of these deep water fields forms an increasingly important component of Agip Petroleum's assets portfolio. The high technological content of the project confirms, if necessary, the interest of Eni Group for the Gulf of Mexico, where frontier deep water fields are developed and put on production.

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