Ready for new Gulf output: Kerr-McGee
Ticonderoga ahead of schedule
US independent Kerr-McGee has moved up the anticipated date of first oil from its Ticonderoga field in the deepwater Gulf of Mexico.
The Oklahoma-based company now expects to begin production in the first quarter.
The volumes will be processed through Kerr-McGee's Constitution spar located on Green Canyon block 680, about 190 miles south of New Orleans.
The company expects production from the Constitution and Ticonderoga fields to ramp up as additional wells come on line throughout 2006.
Kerr-McGee also confirmed the estimated resources at its Nikaitchuq discovery on the North Slope of Alaska. The company's gross estimated resource range is 100 million to 200 million equivalent barrels of oil.
The company continues to work toward sanctioning and also with the state of Alaska and its partners on issues including royalty relief, permitting and unitisation.
Kerr-McGee owns a 70% working interest in Nikaitchuq and is the operator.