Independence Hub Portfolio

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Natural gas shipments have begun from the ultra deepwater Independence Hub which is expected eventually to pump 10 percent of U.S. Gulf of Mexico production, project partners said on Friday.

First production began on Thursday from the semi-submersible platform, which sits in 8,000 feet of water 123 miles southeast of Biloxi, Mississippi.

Companies involved called Independence the deepest production platform ever installed and the largest offshore natural gas processing facility.

Output from the first well is expected to ramp up to approximately 50 million cubic feet per day over the next week, while producers expect output to reach capacity of 1 billion cubic feet per day by late 2007 from the Hub's 15 wells.

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