Exhibit 15.1 October 18, 2001 McMoRan Exploration Co. 1615 Poydras St. New Orleans, LA 70112 Gentlemen: We are aware that McMoRan Exploration Co. has incorporated by reference in its Registration Statements (File Nos. 333- 67485, 333-67963, 333-95195 and 333-57484) its Form 10-Q for the quarter ended September 30, 2001, which includes our report dated October 18, 2001 covering the unaudited interim financial information contained therein. Pursuant to Regulation C of the Securities Act of 1933 (the Act), this report is not considered a part of the registration statements prepared or certified by our firm or a report prepared or certified by our firm within the meaning of Sections 7 and 11 of the Act. Very truly yours, /s/Arthur Andersen LLP