McMoRan announces successful test at Laphroaig No. 2

McMoRan Exploration Co. has announced a successful production test at the Laphroaig No. 2 well in St. Mary Parish, Louisiana.

Offshore staff

NEW ORLEANS – McMoRan Exploration Co. has announced a successful production test at the Laphroaig No. 2 well in St. Mary Parish, Louisiana.

The production test indicated a gross rate of approximately 54 MMcf of natural gas per day (approximately 15 MMcf/d net to McMoRan) and zero barrels of water on a 30/64th choke with flowing tubing pressure of 9,989 psi.

McMoRan says it will use the results of the production test to determine the optimal flow rate for the well. The well is expected to commence production in 2Q 2011 using facilities in the immediate area.

McMoRan has a 37.3% working interest and a 28.5% net revenue interest in the Laphroaig field. EXXI holds an 18.6% working interest.

04/14/2011

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