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.

Our Privacy Pledge

Most Popular Articles
Related Articles

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours