Morrison Announces Successful Completion of a Total Field Decommissioning Campaign, Culminating in the Approval From Regulatory Authorities

Chet Morrison Contractors, LLC (Morrison), a leading energy service company for the oil and gas industry, announces the successful completion of a total field decommissioning campaign, satisfying the requirements of the U.S. Bankruptcy Court, Chapter 7 Bankruptcy Trustee for Hoactzin Partners, L.P., and various additional parties involved in the fields.

Morrison was contracted under the jurisdiction of the U.S. Bankruptcy Court to provide facility decommissioning operations of High Island 176/196, SS 144/159, SS 145, and WD 62 assets. Morrison provided full operations for the leases, including comprehensive regulatory compliance, engineering, project management, and logistics throughout the duration of the project.

The campaign included full-field decommissioning of five structures and associated wells, pipelines, topsides, and jackets in water depths ranging from 44 ft to 132 ft. Morrison also performed monthly maintenance and inspections of the facilities, the carbon-freeing of the structures, pigging and flushing of pipelines and SSTIs, the plug and abandonment of 8 wells and the site clearance for all fields.

"We are pleased with the overall execution and safety record achieved on this project, as well as our ability to meet the standards set by the Court. These are standards and targets we set and expect on all of our projects," commented Jon Minshall, Morrison COO. "What is further gratifying is the teamwork that developed quickly between the Trustee, her industry expert and our own team, including key subcontractors, that enabled all challenges to be met and overcome. We look forward to sharing the success of this project with other operators who are faced with asset retirement obligations."

Morrison has completed twelve total field decommissioning projects in the Gulf of Mexico whereby Morrison has successfully taken over from an operating field through to the cleared liability. As a qualified regional operator for more than 14 years, Morrison has operated nine facilities, while simultaneously managing the permitting, regulatory compliance and preparatory work to plan for decommissioning through to financial assurance release.

ABOUT MORRISON

Chet Morrison Contractors, LLC (Morrison) is an energy service company that delivers integrated infrastructure solutions to clients in the oil and gas and renewables industries. Morrison provides services for all phases of total field decommissioning. Through its strategic efforts to help operators reduce their decommissioning liabilities and protect the reputations of all parties, Morrison has become an effective partner for single-source contracting that can deliver a solutions-driven approach to operators within the Gulf of Mexico and beyond. The company adheres to the highest standards of quality and safety with uncompromising regard for the environment. For more information, visit: www.morrisonenergy.com.