Texaco and Chevron began producing natural gas and condensatefrom Gemini, a subsea system of wells, manifold and flow lines onthe bottom of the Gulf of Mexico in 3,400 feet of water.

Gemini’s initial flow rates were 77 MMcf/d and 1,500 b/d ofcondensate from one well. These initial rates are expected to peakat daily rates of 150-200 MMcf/d and 2,000-3,000 b/d of condensatewith two additional wells by year-end. This will make Gemini one ofthe largest subsea projects currently producing gas and condensatein the Gulf.

Gemini is located in Mississippi Canyon Blocks 292 and 247,about 90 miles southeast of New Orleans. Texaco Exploration andProduction Inc., a subsidiary of Texaco Inc., is the operator ofthe project with a 60% working interest. Chevron U.S.A. ProductionCo. holds a 40% working interest. Projected recoverable reservesfor the project are estimated at 250 to 300 Bcf of gas and 3 to 4million barrels of condensate.

Discovered in 1995, Gemini is also one of the first deepwatersubsalt projects in the Gulf of Mexico. It will contribute to theinitial infrastructure in this area of the Mississippi Canyonregion where Texaco and Chevron are joint owners of more than 30leases, strategically positioning the companies to grow productionin the deepwater.

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