Fossil Energy – Deepwater
U.S.-based Chevron and France-headquartered TotalEnergies, have launched a deepwater oil and gas project in the Gulf of Mexico.
Both companies have confirmed the start of oil and gas production from the Ballymore subsea tie-back in the Gulf of America, which represents another step towards Chevron’s goal of producing 300,000 net barrels per day of oil equivalent from the Gulf in 2026.
The development is expected to produce up to 75,000 gross barrels of oil per day and 50 million cubic feet of gas per day from three wells tied back three miles to the U.S. player’s operated Blind Faith floating production unit (FPU).
With estimated potentially recoverable resources of 150 million barrels of oil equivalent gross over the life of the project, Ballymore is located in the Mississippi Canyon area in approximately 2,000 metres of water, approximately 260 kilometres southeast of New Orleans.
