Chevron to Develop Ballymore Project in Gulf of Mexico
May 17 2022 - 8:54AM
Dow Jones News
By Chris Wack
Chevron Corp. said it has sanctioned the Ballymore project in
the deepwater U.S. Gulf of Mexico.
The oil company said the project, with a design capacity of
75,000 barrels of crude oil per day, will be developed as a
three-mile subsea tieback to the existing Chevron-operated Blind
Faith platform.
The project, which involves three production wells tied back via
one flowline to Blind Faith, will require an investment of about
$1.6 billion. Oil and natural gas production will be transported
via existing infrastructure. First oil is expected in 2025.
Chevron said that once complete, Ballymore is expected to add a
"reliable supply of U.S.-produced energy to help meet global
demand." The project is designed to lower development costs by
using a subsea tieback approach, standardized equipment and
repeatable engineering solutions.
Ballymore will be Chevron's first development in the Norphlet
trend of the U.S. Gulf. The project will be in the Mississippi
Canyon area, about 160 miles southeast of New Orleans. Potentially
recoverable oil-equivalent resources for Ballymore are estimated at
more than 150 million barrels.
Chevron subsidiary Chevron U.S.A. Inc. is the operator of the
Ballymore project with a 60% working interest. Co-owner
TotalEnergies E&P USA Inc. has a 40% interest.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
May 17, 2022 08:39 ET (12:39 GMT)
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