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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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Exxon Mobil Corporation is commencing development of the ultra-deepwater Julia oil field in the Gulf of Mexico. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit. Capital cost for the project, which is expected to begin oil production in 2016, is estimated to be more than $4 billion.

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Mexico President Calderón announces first PEMEX deepwater Gulf of Mexico oil discovery; preliminary indication of 350M barrels oil equivalent

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Mexico President Felipe Calderon today announced PEMEX’ first oil discovery in the deepwater Gulf of Mexico. south of the border territory with the US ( earlier post ), was drilled to 2,500 meters (8,202 feet) water depth and current depth of 4.5 miles), including seafloor crust. miles), including seafloor crust.

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Marathon Announces First Oil from Deepwater Droshky Development in Gulf of Mexico

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Marathon Oil Corporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. This marks the first new deepwater production since the Obama Administration halted drilling after the Deepwater Horizon accident. The new well had already been drilled at the time of the incident.

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Shell starts production from second Mars platform in deepwater Gulf of Mexico

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Shell has begun production from the Mars B development through Olympus—the company’s seventh, and largest, floating deepwater platform in the Gulf of Mexico. The Mars B development is located about 210 kilometers (130 miles) south of New Orleans; 192 people will live and work on the Olympus platform.

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Shell’s Cardamom development starts production; second major 2014 start-up in deep-water Gulf of Mexico

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Production is now underway from the Cardamom development, the second major deep-water facility Shell has brought online in the US Gulf of Mexico this year, following the start-up of Mars B in February. Auger was Shell’s first deep-water tension-leg platform. —Marvin Odum.

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Nexans Secures Major Frame Agreement with BP Worth Up to $300M for Deep Water Umbilical Projects in the Gulf of Mexico

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for deep water umbilical projects in the Gulf of Mexico that could be worth as much as $300 million in total. During the term of the agreement, Nexans could deliver more than 200 kilometers (124 miles) of umbilical products to BP. and Nexans for the Gulf of Mexico, which ran from 2002 to 2008.

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bp starts oil production at Argos platform in the Gulf of Mexico; first new platform since 2008

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bp has successfully started oil production at its Argos offshore platform, strengthening bp’s position as a leading producer in the deepwater US Gulf of Mexico. bp now operates five production platforms in the deepwater Gulf of Mexico: Argos, Atlantis, Mad Dog, Na Kika and Thunder Horse. Earlier post.) bp is the operator with 60.5%

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