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


 - Apache Raises North America Output Forecast, Swings To Profit (May 4)
 - Oil Producer Apache Posts Smaller-Than-Expected Loss (Nov 3)
 - Trade Group Oil & Gas UK Makes 4 Board Appointments (Oct 4)
 Company: BP plcmore info


 - Billionaire Ratcliffe Hunts Oil to Repeat Chemicals Empire Build (May 24)
 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
 - BP Sees Early Promise, Growing Investment In Mexico Energy (May 17)
 Company: Exxon Mobil Corporationmore info


 - Nigeria To Mediate In Dispute Between Exxon And Labor Unions (May 24)
 - Shell Shareholders Reject Emissions Target Proposal (May 23)
 - ExxonMobil, Total Discuss Offshore Drilling Opportunities In Greece (May 19)
 Company: Shellmore info


 - No New Demand, More Supply Leaves Spot Price Languishing (May 26)
 - Woodside Sees Output Growing 15 Pct Over Next Three Years (May 23)
 - Shell Shareholders Reject Emissions Target Proposal (May 23)
 Company: ConocoPhillipsmore info


 - ConocoPhillips To Lay Off 300 In Canada After Cenovus Deal (May 4)
 - ConocoPhillips Posts Surprise Loss On Higher-Than-Expected Costs (May 2)
 - Deal Of The Month: ConocoPhillips Cuts Gas Profile in $3B San Juan Sale (Apr 28)
 Company: Chevron Corporationmore info
 - No New Demand, More Supply Leaves Spot Price Languishing (May 26)
 - South Africa Wants Sinopec to Retain Refinery Capacity (May 25)
 - Venezuela Oil Executive Arrested in Corruption Probe (May 23)
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


Brent Crude Oil : $51.46/BBL 4.63%
Light Crude Oil : $48.9/BBL 4.78%
Natural Gas : $3.18/MMBtu 0.90%
Updated in last 24 hours