Mariner Energy Announces ~70% Increase in Production at Bass Lite With Completion of Primary Production System

Mariner Energy Announces ~70% Increase in Production at Bass Lite With Completion of Primary Production System

Wednesday, August 27th 2008

Mariner Energy, Inc. announced today the completion of the primary production system for its Bass Lite deepwater field. The completed system allows production of up to 130 million cubic feet of natural gas per day (MMcf/d) from the two wells at Bass Lite, up from previous early production levels of 70-75 MMcf/d. Current daily production from the field is 118 MMcf/d.

Bass Lite, located in Atwater Valley Block 426 in water depths of approximately 6,750 feet, commenced operation in February 2008 from an early production system that allowed a single well to produce while construction of the primary production system was completed. Natural gas is produced from Bass Lite via a 56-mile subsea tieback to the Devils Tower Spar located on Mississippi Canyon Block 773.

Mariner is the operator at Bass Lite and holds a 42.2% working interest in the field. Other working interest owners in the field include EOG Resources, Inc., Energy Resource Technology GOM, Inc., a wholly owned subsidiary of Helix Energy Solutions Group; Deep Gulf Energy LP, and Eni.

Mariner Energy is an independent oil and gas exploration, development, and production company headquartered in Houston, Texas, with principal operations in West Texas and the Gulf of Mexico. For more information about Mariner, visit the company’s website at http://www.mariner-energy.com.

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