The two-well project, located at a water depth of approximately 6,750 feet in the Atwater Valley Block 426, is connected by a 56-mile subsea tie back to the Devil’s Tower spar.
The company said that the current gross production rate of approximately 60 million cubic feet of gas equivalent per day is presently limited by the production system designed to achieve early production while further system upgrades of the topside facilities continue.
The project is expected to produce at full capacity later in 2008, once the topside facilities work has been completed. Mariner operates Bass Lite and has a 42.2% working interest in the project.
Scott Josey, chairman and CEO, said: The development of the Bass Lite project, which was dormant before Mariner assumed operatorship, illustrates the depth of our technical and operational expertise. Our deepwater team has done an outstanding job in transforming this challenging project into one of Mariner’s key assets.
