Kerr-McGee sanctions Blind Faith

Oct. 10, 2005
Kerr-McGee Corp. says that its board of directors has sanctioned development of the Blind Faith field located in Mississippi Canyon blocks 695 and 696.

Offshore staff

(US, GoM) - Kerr-McGee Corp. says that its board of directors has sanctioned development of the Blind Faith field located in Mississippi Canyon blocks 695 and 696. The field will be developed using a semisubmersible production facility, with first production expected during the first half of 2008. Kerr-McGee has a 37.5% working interest in Blind Faith. Chevron is the operator and holds the remaining 62.5% working interest.

"The development of Blind Faith will create another value-adding growth opportunity in one of our core areas of operations, the deepwater GoM," says Dave Hager, Kerr-McGee chief operating officer.

Initial production from the field is expected to be approximately 30,000 b/d and 30 MMcf/d. The semisubmersible facility will have a production capacity of approximately 45,000 b/d and 45 MMcf/d. The topsides can be upgraded to a capacity of 60,000 b/d and 150 MMcf/d to accommodate production from satellite discoveries or third-party tiebacks.

Blind Faith is located in approximately 7,000 ft of water, about 160 mi southeast of New Orleans. The discovery well was drilled in June 2001 and encountered more than 200 ft of net pay in Miocene sands at depths of 20,900 ft to 24,300 ft. A successful appraisal well was drilled in 2004. The field has an estimated gross resource potential exceeding 100 MMboe.

10/10/05