Neptune TLP resumes full oil production in gulf

Full oil production has been restored on the Neptune tension leg platform in the deepwater Gulf of Mexico, BHP Billiton Ltd. said.

By OGJ editors
HOUSTON, July 26 -- Full oil production has been restored on the Neptune tension leg platform in the deepwater Gulf of Mexico, BHP Billiton Ltd. said.

BHP and its partners recently completed remediation work to strengthen components inside the hull's pontoons (OGJ, July 14, 2008, Newsletter).

Production begun July 6. As of July 25, Neptune had five of six wells on line, and its oil production was at full design capacity of 50,000 b/d. Natural gas production continues to ramp up to its design capacity of 50 MMcfd of gas.

The TLP stands in 4,250 ft of water on Green Canyon Block 613, which is 120 miles off Louisiana. Field development includes six subsea wells. More development wells are expected to be drilled after interpretation of seismic data, being obtained this year.

BHP operates Neptune with a 35% interest. Partners are Marathon Oil Corp. 30%, Woodside Energy (USA) Inc. 20%, and Repsol-YPF SA unit Maxus (US) Exploration Co. 15%.

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