ChevronTexaco
major contract awards for Tahiti Project
Posted: 15 April 2004
ChevronTexaco announced that its wholly owned subsidiary Chevron
U.S.A. Inc. has awarded two major engineering contracts for the
development of the Tahiti Project's subsea systems and floating
production facility, to be located in Green Canyon 640, 641 and
596, approximately 190 miles southwest of New Orleans.
Under the agreement, Technip Offshore, Inc. will perform front-end
engineering and design (FEED) for the proposed truss spar floating
production facility concept. Mustang Engineering will perform FEED
for the Tahiti topsides oil and gas processing facilities. Construction
contracts are expected to be awarded in the second quarter of 2005.
"We are pleased to announce these key contract awards that
move our Tahiti Project closer to first production," said Ray
Wilcox, vice president of ChevronTexaco Corp. and president of ChevronTexaco
Exploration and Production Co. "Tahiti is a significant component
of ChevronTexaco's upstream growth strategy. It will also add considerably
to our Gulf of Mexico deepwater portfolio."
The Tahiti Field will be developed from two subsea drill centers
located near the two Tahiti appraisal wells located in Green Canyon
596 & 640, completed in early 2003. One of the wells encountered
more than 1,000 feet of net pay, one of the most significant net
pay accumulations in the history of the deepwater Gulf of Mexico.
"We are pleased with the progress made to date in assessing
the resource potential, evaluating development alternatives and
awarding contracts for the Tahiti Project," said Kathleen Arthur,
vice president of ChevronTexaco's Gulf of Mexico deepwater business
unit. "Working together with joint-venture partners, considerable
work has been completed; however, much work remains to finalize
the field development plans."
Next steps for the project include front-end engineering and additional
technical and commercial assessments. A production test of the discovery
well and front-end engineering are scheduled to begin the second
quarter of 2004.
ChevronTexaco is the operator of the Tahiti Project with 58 percent
working interest. Tahiti partners are EnCana Gulf of Mexico LLC
(25 percent work interest) and Shell Exploration & Production
Company (17 percent working interest).
About ChevronTexaco
Currently celebrating its 125th anniversary, ChevronTexaco is the
second- largest U.S.-based energy company and the fifth largest
in the world, based on market capitalization. More than 50,000 ChevronTexaco
employees work in approximately 180 countries around the world,
producing and transporting crude oil and natural gas, and marketing
and distributing fuels and other energy products. ChevronTexaco
is based in San Ramon, Calif.
About Technip Offshore
Technip Offshore Inc. is part of the Technip group which offers
a complete range of deepwater production facilities (Spar, FPSO,
TLP, semi-sub) and leading edge subsea technical expertise in moorings,
pipeline-riser-umbilical systems and robotics. These core skills
are supported by strong engineering and project management capabilities,
state of the art industrial assets and the most advanced fleet of
subsea construction and installation vessels.
About Mustang Engineering
Mustang Engineering, a Wood Group company, is an independent services
provider to the domestic and international oil, gas, and chemical
industries. Mustang is the market leader worldwide in the engineering
design of deepwater facilities and has been involved in over half
of the deepwater facilities in the Gulf of Mexico. In addition,
Mustang has provided services for numerous tiebacks, revamps and
modification projects on the Gulf of Mexico shelf.
For more information see www.chevrontexaco.com
Posted by Richard Price,
Editor Pipeline Magazine
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