USA: TotalEnergies Announces the Sanction of the Ballymore Development in the U.S. Gulf of Mexico
May 17 2022 - 8:35AM
Business Wire
Regulatory News:
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), through its
affiliate TotalEnergies E&P USA, Inc., announces the sanction
of the Ballymore development, located 120 kilometers off the coast
of Louisiana in the U.S. Gulf of Mexico.
TotalEnergies holds a working interest of 40% in Ballymore.
Co-owner Chevron U.S.A. Inc., a subsidiary of Chevron Corporation,
holds a 60% working interest as operator.
The Ballymore field will be developed through 3 production
wells, tied back to the Chevron-operated Blind Faith Floating
Production Unit. First Oil is expected in 2025 with a capacity of
75,000 barrels of oil per day. By utilizing existing
infrastructure, the project ensures the lowest development costs
and lower emission intensity.
“Sanctioning the Ballymore field development, only four years
after the discovery, is the result of our exploration efforts in
the Gulf of Mexico, said David Mendelson, Senior Vice
President Americas of TotalEnergies Exploration &
Production. Thanks to its tie-back development concept, this
decision fits TotalEnergies’ strategy of focusing on oil projects
with low breakeven and low emissions.”
***
About TotalEnergies TotalEnergies is a global
multi-energy company that produces and markets energies: oil and
biofuels, natural gas and green gases, renewables and electricity.
Our 100,000 employees are committed to energy that is ever more
affordable, cleaner, more reliable and accessible to as many people
as possible. Active in more than 130 countries, TotalEnergies puts
sustainable development in all its dimensions at the heart of its
projects and operations to contribute to the well-being of
people.
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