Exploration & Production | Drilling / Well Results | Top Story | Production | Key Wells
Freeport Expects Strong Results from Deepwater Holstein
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Freeport-McMoRan Inc. announced positive drilling results from the Freeport-McMoRan Oil & Gas (FM O&G) 100-percent-owned Holstein Deep and Dorado development wells in the Deepwater Gulf of Mexico (GOM). Production from these projects is expected to total approximately 30,000 barrels of oil equivalents (BOE) per day in 2016.
James R. Moffett, Chairman of the Board; Richard C. Adkerson, Vice Chairman, and FCX President and Chief Executive Officer; and James C. Flores, Vice Chairman, and FM O&G President and Chief Executive Officer, said, “The results from the Holstein Deep and Dorado development wells are excellent examples of investments in low risk, high return development opportunities utilizing existing infrastructure in the Gulf of Mexico. As we work to manage capital in a challenging…
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