Dominion Says Output from Devils Tower to Restart by Mid-Nov
Dominion
Dominion expects production from its Devils Tower field in the Gulf of Mexico to restart between late October and mid-November and reaffirmed that, until production resumes, it has a comprehensive insurance program to reimburse for delayed production beyond an estimated $9 million after-tax loss of income.
Production from three wells was interrupted on Sept. 15 by Hurricane Ivan. A fourth well near completion at the time of the Hurricane is also expected to begin production between late October and mid-November.
A new completion rig needed to bring the facility's remaining four wells into production is expected to be available for installation in about 90 to 120 days. The four wells will then be sequentially completed and brought into production.
The company's Dominion Exploration & Production unit owns 75 percent of Devils Tower production and is the operator of the platform. Devils Tower is a deepwater spar at Mississippi Canyon 773, about 140 miles southeast of New Orleans. Pioneer Natural Resources Company owns 25 percent of the production.
Production from three wells was interrupted on Sept. 15 by Hurricane Ivan. A fourth well near completion at the time of the Hurricane is also expected to begin production between late October and mid-November.
A new completion rig needed to bring the facility's remaining four wells into production is expected to be available for installation in about 90 to 120 days. The four wells will then be sequentially completed and brought into production.
The company's Dominion Exploration & Production unit owns 75 percent of Devils Tower production and is the operator of the platform. Devils Tower is a deepwater spar at Mississippi Canyon 773, about 140 miles southeast of New Orleans. Pioneer Natural Resources Company owns 25 percent of the production.
RELATED COMPANIES
Company: Dominion Exploration and Production more info
Most Popular Articles
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call
- India Halts Russia Oil Supplies From Sanctioned Tanker Giant
- DOI Announces Proposal for Second GOM Offshore Wind Auction
- Centcom, Dryad Outline Recent Moves Around Red Sea Region
- PetroChina Set to Receive Venezuelan Oil
- Czech Conglomerate to Buy Major Stake in Gasnet for $917MM
- US DOE Offers $44MM in Funding to Boost Clean Power Distribution
- Oil Settles Lower as Stronger Dollar Offsets Tighter Market
- UK Grid Operator Receives Aid to Advance Rural Decarbonization
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension
- Equinor Makes Discovery in North Sea
- Standard Chartered Reiterates $94 Brent Call