Falcon - Deepwater GOM
- 3,400’ water depth
- Operator with 75% working interest
- 175 - 240 Bcfe
- 175 Mmcfpd at peak (Gross)
- 18% of PXD’s current worldwide production, 50% of N. American gas
- 1st prod’n anticipated in 2nd Qtr ’03
- 2 development wells to drill later this year
- Fabricating umbilicals & flow lines for October install
- Falcon Nest platform install scheduled for Jan ‘03
- Additional prospects on 24 blocks in Falcon corridor