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Hess launches production from GoM Tubular Bells Field

17th November 2014

Hess Corporation has commenced production from the Tubular Bells Field, located in the Mississippi Canyon area of the deepwater Gulf of Mexico

Hess launches production from GoM Tubular Bells Field
The Tubular Bells floating production facility is a classic spar hull with traditional three-level topsides (Photo Hess)

“This important achievement demonstrates our ability to successfully execute highly complex, deepwater development projects,” said John Hess, chief executive officer. “We are proud to deliver Tubular Bells safely and on budget. One year after Hess took over as operator, the project was sanctioned and fast tracked with an execution schedule to first oil in just three years.”

Hess holds a 57.14 per cent interest in the Tubular Bells Field and is the operator. Chevron has a 42.86 per cent interest.

Following a ramp-up period, Tubular Bells is expected to deliver gross production of approximately 50,000 barrels of oil equivalent per day (25,000 barrels of oil equivalent per day net to Hess) from three producing wells by year end.

The Tubular Bells Field was discovered in 2003 and the development was sanctioned in October 2011. It lies in approximately 4,300 feet of water, 217 kilometres south-east of New Orleans.

Tubular Bells utilises the first classic spar built in the US.

"The deepwater Gulf of Mexico plays a significant part in our earnings and production growth,” said George Kirkland, vice chairman and executive vice president, Upstream, Chevron Corporation.

“Achieving first oil at Tubular Bells is an important step towards Chevron achieving its production goal of 3.1 million barrels per day by 2017.”

"Tubular Bells and the Chevron-operated Jack/St. Malo project further strengthens Chevron's deepwater portfolio," said Jay Johnson, senior vice president, Upstream, Chevron Corporation.

Jack/St. Malo, a large lower Tertiary development, is scheduled to be brought online later this year.

"This project's success is the result of our strong business relationship with Hess, reinforcing our commitment to achieve results with excellence, and enabling new opportunities in this strategic area," said Jeff Shellebarger, president, Chevron North America Exploration and Production Company.

 

 

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