Newfield Shuts in Gulf of Mexico Production Ahead of Ivan

Newfield Exploration has shut-in approximately 75 million cubic feet equivalent per day (MMcfe/d) of net Company-operated production in the Gulf of Mexico in response to Hurricane Ivan. This represents nearly 25% of Newfield's current net offshore production, which is approximately 340 MMcfe/d.

With Hurricane Ivan entering the Gulf of Mexico, Newfield began evacuating non-essential personnel on Sunday, September 12. By the end of today, 53 non- essential personnel and 31 essential personnel are expected to have been evacuated. Drilling operations have been suspended on two operated jack-up rigs operating in the eastern Gulf.

Newfield will make determinations on additional shut-ins as Ivan's progress is monitored over the next 24 hours. Newfield operates more than 160 platforms in the Gulf of Mexico and controls about 250 lease blocks.

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