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17%  
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  • Oil Companies Going Deep with Gulf Drilling

    06/19/2006 10:15:09 AM PDT · by thackney · 8 replies · 723+ views
    Rig Zone ^ | Monday, June 19, 2006 | Steve Quinn
    Aboard the Discoverer Deep Seas, nearly three football fields long, the ship appears to be sitting idle on the turquoise blue waters of the Gulf of Mexico. Beneath the deck, there's no such tranquility. A 200-person crew of geologists, engineers and technicians work around the clock at dimly lit keyboards, controlling every move of an adjoining oil rig as it uses a 16-inch pipe to bore through the ocean floor. The Chevron Corp. crew is developing a deepwater oil field 190 miles off the Louisiana coast projected to produce 100,000 barrels a day by 2008 and 500 million barrels overall....
  • Mars Platform Production Resumes

    05/22/2006 1:51:49 PM PDT · by thackney · 14 replies · 441+ views
    Rigzone.com ^ | May 22, 2006 | Rigzone
    Shell Exploration & Production Company has resumed partial production from its Mars Tension Leg Platform (TLP). Mars is the largest producing platform in the Gulf of Mexico and has been shut-in due to damage from Hurricane Katrina since late August of last year. As announced by Shell on April 20th, progress on the repair and recovery of the TLP and export pipelines was ahead of schedule and production was expected to resume in the second half of May. Production will continue to ramp up over the next several weeks and Mars production will be restored to pre-Katrina rates by the...