Chevron, Total announce new Gulf of Mexico discovery
Baku, January 31, AZERTAC
Chevron and Paris-based Total said Wednesday they've made a major oil discovery in the Gulf of Mexico southeast of New Orleans.
The so-called Ballymore prospect is about 75 miles from the Louisiana coast in the Mississippi Canyon area of the Gulf. Total is already calling it the company's largest Gulf discovery.
Chevron, which owns a controlling 60 percent stake in the partnership, said oil was struck at nearly 30,000 feet in a well that's already showing strong production characteristics. Chevron and Total said they're assessing the discovery to determine how to proceed.
Total's 40 percent stake in this prospect was just acquired in September as part of an exploration agreement with Chevron that included seven prospects covering 16 blocks in the Eastern Gulf's Norphlet play and the Central Gulf's Wilcox region. The Ballymore prospect is part of the Norphlet.
The Ballymore discovery is about three miles from Chevron's Blind Faith platform, so there's the potential to connect it to existing infrastructure.
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