Meloy

Coming a day after the company decided to upgrade its exploration and production strategy, Kerr-McGee Corp. said last Thursday its board of directors has approved the development of the Red Hawk area in the deepwater Gulf of Mexico, in Garden Banks Block 877. With estimated proven reserves of more than 250 Bcf of natural gas, the Red Hawk natural gas field will be developed using a new state-of-the-art mini-floating production facility.