Anadarko Installs the Marco Polo TLP

Anadarko Petroleum reports that the Marco Polo platform, the deepest tension leg platform (TLP) in the world, has been successfully installed in 4,300 feet of water about 160 miles south of New Orleans. The 196-foot hull traveled 13,000 miles from South Korea to Anadarko's Marco Polo discovery on Green Canyon Block 608, where it has been mated to its 6,725-ton topsides, which were constructed in Corpus Christi, Texas.

Anadarko, operator of the platform, is now moving forward to install the platform rig and begin the tiebacks and completion of Marco Polo's six development wells. Oil and gas export pipelines will also be connected to the platform. Oil and gas production is expected to begin in July 2004.

"We commend all involved for their outstanding performance in delivering this record-setting project," Mark Pease, Anadarko vice president of U.S. onshore and offshore, said. "We anticipated some weather delays in our schedule, but they persisted beyond our estimates and caused us some delay in the start-up. Everything that we could control during the project was on schedule and completed without a hitch. We're looking forward to bringing the field online this summer."

GulfTerra Energy Partners and Cal Dive International own the platform structure, and Anadarko is the operator. Production capacity is 120,000 barrels of oil per day and 300 million cubic feet of gas per day.

Anadarko currently has access to 536 blocks in the Gulf of Mexico; 288 of those are in deepwater.