Williams Adds New Production at Devils Tower Deepwater Spar; Facility Initiates Receipt of Oil and Gas From Triton and Goldfinger Fields
Posted on: Thursday, 15 December 2005, 15:00 CST
TULSA, Okla., Dec. 15 /PRNewswire-FirstCall/ -- A unit of Williams has begun receiving new volumes of oil and natural gas at its Devils Tower deepwater spar in the eastern Gulf of Mexico.
The spar is a floating production system that originally commenced commercial operations in May 2004 to serve the Devils Tower field at Mississippi Canyon Block 773.
The new production is coming from the Triton and Goldfinger fields, located 140 miles southeast of New Orleans on Mississippi Canyon Blocks 771, 772 and 728.
Dominion Exploration & Production, a wholly owned subsidiary of Dominion , is operator of the Devils Tower, Triton and Goldfinger fields, with 75 percent working interest. Pioneer Natural Resources Company owns the remaining 25 percent interest in the production.
The Triton and Goldfinger development consists of three subsea wells that are connected to Williams' Devils Tower spar via insulated six-inch by ten- inch diameter pipe-in-pipe flowlines.
"We extend our compliments to Dominion and Pioneer on their ability to bring on this incremental production in the face of the post-hurricane work environment," said Alan Armstrong, senior vice president of Williams' midstream business. "The new volumes from the Triton and Goldfinger development are important to the success of the overall Devils Tower project."
The Devils Tower spar is owned by Williams and operated by Dominion E&P. Located in 5,610 of water, it is the world's deepest dry-tree spar. The facility is capable of producing 60,000 barrels of oil per day and 60 million cubic feet of natural gas per day.
From the spar, oil and gas are fed into export pipelines owned and operated by Williams. Oil is delivered onshore to a third-party terminal near Venice, La. Natural gas is delivered onshore to Williams' Mobile Bay plant for processing.
About Williams
Williams, through its subsidiaries, primarily finds, produces, gathers, processes and transports natural gas. The company also manages a wholesale power business. Williams' operations are concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast, Southern California and Eastern Seaboard. More information is available at http://www.williams.com/ .
Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company's annual reports filed with the Securities and Exchange Commission.
Williams
CONTACT: media relations, Kelly Swan, +1-918-573-6932, or investorrelations, Richard George, +1-918-573-3679, or Sharna Reingold,+1-918-573-2078, all of Williams
Web site: http://www.williams.com/
Source: PRNewswire-FirstCall
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