ExxonMobil's Mica Project Starts Ahead of Schedule

Exxon Mobil Corporation announced that production has started nearly three months ahead of schedule from the Mica subsea development project in the Gulf of Mexico.

The $330-million project, located in 4,350 feet of water, is tied back to the Pompano platform 29 miles northwest of the development. Mica's combination of tieback length and water depth sets a world record for deepwater subsea oil and gas production.

"The successful completion and early start-up of this record subsea tieback for oil and gas production is another example of ExxonMobil's technological leadership and expertise in deepwater development, not just in the Gulf of Mexico but around the world," said Morris E. Foster, president of ExxonMobil Development Company. "ExxonMobil has a leading deepwater acreage position in the world's most attractive deepwater exploration regions, including the Gulf of Mexico, with interests in nearly 600 blocks encompassing approximately 3.6 million acres."

Mica is currently producing more than 140 million cubic feet of gas and 13,000 barrels of oil a day from two wells in a subsea system that will accommodate up to four wells. Production is estimated to peak at 150 million cubic feet of gas and 15,000 barrels of oil per day later this year.

The Mica field is 100 miles south of Mobile Bay and is estimated to contain recoverable oil and gas of approximately 100 million oil-equivalent barrels. The project encompasses Mississippi Canyon Blocks 167 and 211 and is one of the first discoveries and subsequent developments located totally beneath a layer of salt in the deepwater Gulf of Mexico.

ExxonMobil is the operator of Mica with a 50 percent interest while BP holds the remaining 50 percent.