The deepwater Gulf of Mexico (GOM) Tahiti project, one of the largest platforms of its kind, will be delayed about a year because of defective shackles in the mooring system, according to project sponsor Chevron Corp. First production is now expected by 3Q2009; it was originally scheduled to ramp up by mid-2008. Estimated production is expected to be about 70 MMcf/d of gas and 125,000 b/d of oil. Construction of the massive project began in late 2005, but a contractor discovered the mooring system problems in June after finding a problem on a similar installation for another producer (see Daily GPI, June 29).
Shackles
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California PUC Weighs Opening Electric Markets — Again
Making a small break with the energy crisis shackles resulting from the 2000-2001 wholesale energy market meltdown, California regulators last Thursday agreed to examine the feasibility of resuming direct-access retail deals in the electricity sector. The five-member California Public Utilities Commission (CPUC) granted a petition from pro-retail choice group Alliance for Retail Energy Markets (AREM).
May 28, 2007