Another of the company's innovative developments is Baldpate, an articulated compliant tower in 1,650 feet of water. In late 1999 and early 2000, Kerr-McGee announced several deepwater drilling successes in the greater Nansen and Boomvang areas. Proven reserves for the area where Kerr-McGee owns more than 25 blocks are estimated to be about 200 MMboe. The world's first two truss spars, which will link to oil and gas export lines are being built, and first production is expected in early 2002. A deepwater oil discovery at the Kerr-McGee operated Gunnison prospect on Garden Banks block 668 was announced in 2000.
Additional appraisal is underway to further delineate the discovery.
Kerr-McGee holds interests in more than 40 blocks in the greater Gunnison area.