Conoco awards production risers for Magnolia field
Conoco Inc., Houston, awarded a $24 million contract to Houston-based Dril-Quip Inc. to provide eight production riser systems for its Magnolia field tension leg platform.
By OGJ editors
HOUSTON, Aug. 30 -- Conoco Inc. (now ConoPhillips Inc.), Houston, awarded a $24 million contract to Houston-based Dril-Quip Inc. to provide eight production riser systems for its Magnolia field tension leg platform, which will be installed in 4,700 ft of water in the Gulf of Mexico—a record depth for this type of floating structure.
Installation is planned for 2004. Each riser system will include a tieback connector, tapered stress joint, numerous production riser joints, a tensioner system, and surface wellhead and Christmas tree systems.
Magnolia, discovered in 1999, is on Garden Banks Blocks 783 and 784 about 180 miles south of Cameron, La.
Conoco and partner Ocean Energy Inc., which holds 25% of the field, expect Magnolia to produce 150 million boe. Development costs are estimated at $600 million (OGJ Online, Dec. 17, 2001).