MWCC Adds Apache to Organization

The Marine Well Containment Company (MWCC) announced that Apache Deepwater LLC, a subsidiary of Apache Corporation, has joined as a member. MWCC is a not-for-profit, independent organization committed to being continuously ready to respond to a well control incident in the deepwater Gulf of Mexico.

"We are happy to have Apache as a member of the Marine Well Containment Company. They are an active Gulf of Mexico operator and a key participant in offshore deepwater development," said Marty Massey, MWCC chief executive officer. "We have been working with Gulf of Mexico operators since last year to inform potential members about MWCC. The membership formation period started in the middle of February. Each member will have equal ownership, as well as share in the development and operating costs."

"Apache is committed to safe and responsible operations," said G. Steven Farris, chairman and chief executive officer. "As we resume drilling operations in the deepwater Gulf of Mexico, we recognize we must be vigilant in managing risks properly. We also recognize that it is essential to have the capability to respond rapidly to a subsea well control incident even as we expect the equipment will never be used. We are pleased to join the founders of MWCC in developing a system that greatly improves the industry's response capabilities," Farris said.

In the event of an incident, MWCC will support equipment mobilization. The interim well containment system is ready for deployment with the capacity to contain up to 60,000 barrels per day of fluid in up to 8,000 feet of water. Work is also under way on the expanded system for delivery in 2012 to handle up to 100,000 barrels per day of fluid in up to 10,000 feet of water.

Other MWCC members include ExxonMobil, Chevron, ConocoPhillips, Shell and BP.

The initial membership period ends March 31, 2011. After this date, an additional surcharge for membership will apply. Non-members may gain access to the MWCC system through a service agreement and fee.

Related Companies
 Company: Apache Corp.more info
 - Oil Producer Apache Posts Smaller-Than-Expected Loss (Nov 3)
 - Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 4)
 - Relief Arrives For US Shale Firms As OPEC Folds In Price Battle (Sep 29)
 Company: BP plcmore info


 - Big Oil Back On The Acquisition Trail As Outlook Brightens (Jan 19)
 - Canada Rules Out Arctic Oil Drilling Extensions for ExxonMobil, BP (Jan 6)
 - Samsung Wins Mad Dog 2 Fabrication Contract (Jan 5)
 Company: Exxon Mobil Corporationmore info


 - ExxonMobil's $5.6B Acquisition Validates Permian as Core Operator Strategy (Jan 17)
 - Petrovietnam, Exxon Mobil Sign Deal On Gas Generation (Jan 13)
 - ExxonMobil Strikes More Oil Offshore Guyana (Jan 12)
 Company: Shellmore info


 - Norway Awards 56 Oil And Gas Licences In Mature Areas (Jan 17)
 - Southern North Sea Special Interest Group Launched (Nov 21)
 - Report: Growing Confidence in North Sea Oil, Gas Industry (Nov 14)
 Company: ConocoPhillipsmore info


 - Startup Of Malikai Oil Field To Boost Malaysia's Kimanis Exports (Dec 13)
 - US Shale Firms Go Back To Work Buoyed By OPEC Deal, Trump Victory (Nov 14)
 - ConocoPhillips Aims To Sell Up To $8 Billion In Gas Assets (Nov 10)
 Company: Chevron Corporationmore info
 - Argentina Clinches Deal to Attract Investment in Vaca Muerta Shale (Jan 11)
 - Oil, Gas Conflicts throughout Africa in 2016 (Jan 4)
 - SOCAR, AIOC Agree to Develop ACG Field (Dec 23)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $54.16/BBL 0.44%
Light Crude Oil : $51.37/BBL 0.56%
Natural Gas : $3.37/MMBtu 2.12%
Updated in last 24 hours