Anadarko Wraps Up Scheduled Maintenance at Independence Hub

Anadarko Petroleum said Wednesday that it fully completed scheduled maintenance at its Independence Hub during the third quarter and expects to maintain budgeted net volumes of more than 400 million cubic feet per day.

Situated on Mississippi Canyon Block 920 in water depths of 8,000 feet (2,439 meters), the Independence Hub is a semisubmersible platform with a two-level production deck capable of processing 900 MMcf/d of gas and 4,250 barrels of condensate. The platform, which cost $385 million, is considered to be one of the world's largest offshore processing facilities and pumps natural gas from several deepwater fields. The hub's life expectancy is estimated at 20 years.

According to Anadarko, the Hub will continue producing at a rate of more than 700 million cubic feet per day through 2009 and beyond.

The Independence Hub facility is 110 miles (180 meters) from the Mississippi River Delta and is owned by Independence Hub LLC, which is 80% owned by affiliates of Enterprise and 20% owned by Helix Energy Solutions Group, Inc.