NEW YORK –Production has begun from the deepwater Tubular Bells field in the Gulf of Mexico. Operator Hess Corp. (NYSE:HES) said that following a ramp-up Tubular Bells should produce about 50,000 boed from three wells by year end.
The Tubular Bells field was discovered in 2003 and sanctioned in October 2011. It is in 4,300 ft (1,310 m) of water, 135 mi (217 km) southeast of New Orleans.
The development uses Williams Partnersspar-based Gulfstar FPS, which is the first such facility with the major components built on the US Gulf Coast.
Hess holds a 57.14% interest in Tubular Bells and isthe operator. Chevron U.S.A. Inc. has a 42.86% interest.