McMoRan Exploration Co., New Orleans, (NYSE: MMR) provided updates for its Gulf of Mexico activities, including ultra deep EP, shallow water and onshore the Gulf Coast.
The Davy Jones No. 1 discovery well at South Marsh Island Block 230 is in advanced stages of completions. Installation of the central processing facility, production platform for the well and sales pipelines have been substantially completed. The production tree, blow out preventer and safety valve, rated for pressures of 25,000 pounds per square inch, are available for installation. While preparing the hole for …