Mariner Energy Achieves First Production at Bass Lite Deepwater Gulf of Mexico Project

abarrelfullabarrelfull wrote on 23 Jul 2012 10:48

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Feb. 20th 2008

Mariner Energy, Inc. (NYSE: ME) announces that its Bass Lite deepwater Gulf of Mexico project commenced production on February 15, 2008. The two-well project, located in a water depth of approximately 6750 feet in Atwater Valley Block 426, is connected by a 56-mile subsea tie back to the Devil's Tower spar. The current gross production rate of approximately 60 million cubic feet of gas equivalent per day is presently limited by the production system designed to achieve early production while further system upgrades of the topside facilities continue. The project is expected to produce at full capacity later in 2008, once the topside facilities work has been completed. Mariner operates Bass Lite and has a 42.2% working interest in the project.

Scott D. Josey, the Company's Chairman, Chief Executive Officer and President, commented on the achievement: "The development of the Bass Lite project, which was dormant before Mariner assumed operatorship, illustrates the depth of our technical and operational expertise. We believe this project employs the second longest flowline for a subsea tieback and the
longest umbilical utilizing fiber optics for primary control ever deployed in the Gulf of Mexico.

Additionally, the steel catenary riser used to tie-in to the Devil's Tower production facility appears to be the first designed and approved in accordance with the new MMS storm criteria for the Gulf of Mexico. Our deepwater team has done an outstanding job in transforming this challenging project into one of Mariner's key assets."

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