Ballymore further consolidates Chevron’s position in the deepwater
Gulf of Mexico
SAN RAMON, Calif.--(BUSINESS WIRE)--Jan. 30, 2018--
Chevron Corporation (NYSE:CVX) today announced a significant oil
discovery at the Ballymore prospect in the deepwater U.S. Gulf of Mexico.
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The Ballymore well was drilled by Pacific Drilling’s Sharav deepwater drillship (Photo: Business Wire)
Ballymore is located in the Mississippi Canyon area of the U.S. Gulf of
Mexico, approximately three miles from Chevron’s Blind Faith platform,
in water depth of 6,536 feet. The initial Ballymore well reached total
measured depth of 29,194 feet and encountered more than 670 feet net oil
pay with excellent reservoir and fluid characteristics. A sidetrack well
is currently being drilled to further assess the discovery and begin to
define development options.
“The Gulf of Mexico deepwater is an integral part of our company’s
long-term strategy,” said Jeff Shellebarger, President of Chevron North
America Exploration and Production. “This discovery is an important
addition to our portfolio, especially with its combination of size,
quality and proximity to existing infrastructure.”
Chevron subsidiary Chevron U.S.A. Inc. is the operator with a 60 percent
working interest in the Ballymore prospect. The co-owner is TOTAL E&P
USA Inc. (40 percent).
Chevron Corporation is one of the world's leading integrated energy
companies. Through its subsidiaries that conduct business worldwide, the
company is involved in virtually every facet of the energy industry.
Chevron explores for, produces and transports crude oil and natural gas;
refines, markets and distributes transportation fuels and lubricants;
manufactures and sells petrochemicals and additives; generates power;
and develops and deploys technologies that enhance business value in
every aspect of the company's operations. Chevron is based in San Ramon,
Calif. More information about Chevron is available at www.chevron.com.
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or unknown factors not discussed in this press release could also have
material adverse effects on forward-looking statements.
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Source: Chevron Corporation
Chevron Corporation
Veronica Flores-Paniagua, 713-372-0063
