Hurricane Ivan Forces Newfield to Shut-in Portion of Gulf of Mexico Production
September 13 2004 - 1:55PM
PR Newswire (US)
Hurricane Ivan Forces Newfield to Shut-in Portion of Gulf of Mexico
Production HOUSTON, Sept. 13 /PRNewswire-FirstCall/ -- Newfield
Exploration Company (NYSE:NFX) today announced it had shut-in
approximately 75 million cubic feet equivalent per day (MMcfe/d) of
net Company-operated production in the Gulf of Mexico in response
to Hurricane Ivan. This represents nearly 25% of Newfield's current
net offshore production, which is approximately 340 MMcfe/d. With
Hurricane Ivan entering the Gulf of Mexico, Newfield began
evacuating non-essential personnel on Sunday, September 12. By the
end of today, 53 non- essential personnel and 31 essential
personnel are expected to have been evacuated. Drilling operations
have been suspended on two operated jack-up rigs operating in the
eastern Gulf. Newfield will make determinations on additional
shut-ins as Ivan's progress is monitored over the next 24 hours.
Newfield operates more than 160 platforms in the Gulf of Mexico and
controls about 250 lease blocks. Newfield Exploration Company is an
independent crude oil and natural gas exploration and production
company. The Company relies on a proven growth strategy that
includes balancing acquisitions with drill bit opportunities.
Newfield's areas of operation include the Gulf of Mexico, the U.S.
onshore Gulf Coast, the Anadarko and Arkoma Basins, the Uinta Basin
of the Rocky Mountains, offshore Malaysia and other select
international ventures. Newfield Exploration Company 363 N. Sam
Houston Parkway East, Ste. 2020 Houston, TX 77060
http://www.newfld.com/ For information, contact: Steve Campbell
(281) 847-6081 DATASOURCE: Newfield Exploration Company CONTACT:
Steve Campbell of Newfield Exploration Company, +1-281-847-6081, or
Web site: http://www.newfld.com/
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