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    El Paso and Cal Dive to build deepwater hub facility

    News // December 14, 2001
    El Paso Energy Partners and Cal Dive International have announced that they have signed a letter of intent to form a 50-50 venture to construct, install, and own a deepwater production hub platform and associated facilities primarily for Anadarko Petroleum Corporation's Marco Polo field discovery at Green Canyon 608 in the Gulf of Mexico. The companies anticipate that the facilities will be completed and online in 2004.

    The production hub platform will be installed in 4,300 feet of water and has been designed to process 100,000 barrels of oil per day and 250 million cubic feet of natural gas per day. Anadarko will have rights to capacity of 50,000 barrels of oil per dayand 150 million cubic feet of gas per day. The remaining capacity will be marketed for additional Anadarko and other area discoveries.

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