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On land, a 10- or 20-million-boe field would be a very good discovery. But in ultra-deepwater, such fields are sub-economic. The Independence Projects will allow five independent exploration companies to develop multiple deepwater natural gas/condensate discoveries in water depths ranging from 7,800 to 9,000 ft.
The Independence Hub (I-Hub) platform, Independence Subsea and the gas pipeline known as Independence Trail will have the capacity to gather, process and transport about 1 Bcfd of gas plus significant condensate production from 10 fields that lie in the untapped East Central Gulf of Mexico, specifically, in the Atwater Valley, Lloyd Ridge, DeSoto Canyon and Mississippi Canyon areas.
This project can be considered a collection of all-time records; a unique project in a class of its own; a sign of the times and, quite likely, a direction for the future. Oversimplified, what this project does is transform the seafloor into a more land-like analog...
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Houston, TX - November 4-5
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