Oryx Energy Co., Dallas, and a unit of Consolidated Natural Gas Co., Pittsburgh, will install the Gulf of Mexico's first Spar oil and gas production system. Site for the 50-50 venture between operator Oryx and CNG Producing Co., New Orleans, will be on the deepwater Neptune prospect on Viosca Knoll Block 826, defined with the aid of 3D seismic technology. The project lies in 2,000 ft of water, about 65 miles east of the mouth of the Mississippi River and 80 miles south of Mobile, Ala. Productive capacity of the floating unit, under design by Oryx will be 25,000 b/d of oil and 30 MMcfd of gas. Construction will begin early next year...

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