Consolidated Natural Gas Company Announces Initial Production at New Gulf of Mexico Complex

Strategic Insights -

Consolidated Natural Gas Company's exploration and production subsidiary, CNG Producing Company, has announced initial production from a new complex in the Main Pass area of the Gulf of Mexico. Natural gas began flowing from the "Nemo" platform on December 20, marking the beginning of operations for the complex, which includes eight wells and facilities designed to handle an initial deliverability of 240 million cubic feet of natural gas and 20,000 barrels of condensate a day.

Key Takeaways:

  • The CNG Producing Company has achieved initial production from the "Nemo" platform, a two-deck, four-pile platform at Main Pass 279, with a 100 percent working interest.
  • The complex, which includes three platforms, is expected to produce 240 million cubic feet of natural gas and 20,000 barrels of condensate a day at full capacity.
  • CNG Producing holds a 68.5 percent working interest in the "Nautilus" platform, a three-deck, four-pile drilling and production platform at Main Pass 281, and is expected to be on production by the end of January.
  • The company also holds a 75 percent working interest in the "Atlantis" platform, a single-deck tripod platform at Main Pass 280, which is expected to come online in mid-January.
  • CNG Producing is a major player in the deep waters of the Gulf of Mexico, with CNG Producing Company holding a significant share of the nation's largest producer, Consolidated Natural Gas Company.
  • The company has cautioned that production estimates and future market conditions are subject to various factors beyond their control, including weather conditions, economic conditions, and energy-related commodity prices.

Statistics:

  • 240 million cubic feet of natural gas per day
  • 20,000 barrels of condensate per day
  • Three platforms: "Nemo", "Nautilus", and "Atlantis"
  • Eight wells included in the complex
  • Main Pass 279, 281, and 280 are the locations of the complex's three platforms

Sources:

  • Consolidated Natural Gas Company's press release, December 21, 1997
  • Consolidated Natural Gas Company's Web site: www.cng.com
  • Company extension for faxing: 203456 (must be accessed via 1-800-758-5804)
  • Voice recordings available at 1-888-CNG-NEWS (toll-free)