Exxon has begun development of the Hoover and Diana fields in the Western Gulf of Mexico, 160 miles east of Corpus Christi, Texas-the first development of seven key worldwide deepwater discoveries announced in the last two years. The project, in 4,800 feet of water, establishes a new world water-depth record for a drilling and production platform with an associated subsea development. Utilization
... [Show full abstract] of surface production trees in this water depth also will be an industry first. Hoover and Diana have estimated combined recoverable resources exceeding 300 million oil-equivalent barrels (MOEB).