You are here

Chevron strikes oil in the Gulf of Mexico

06th January 2015

Chevron has made a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico; Chevron's second discovery in the deepwater Gulf in less than a year

Chevron has made a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico; Chevron's second discovery in the deepwater Gulf in less than a year
The Green Canyon Block 807 Well No. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands (Source: Chevron Corp.)

"The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. We had one of our best years with the drill bit in 2014, reporting more than 30 discoveries worldwide and adding an estimated one billion barrels of new resources to our holdings," said Jay Johnson, senior vice president, Upstream, Chevron Corporation.

The Green Canyon Block 807 Well No. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands.

The well, which was spudded in August 2014, is located approximately 225 kilometres off the coast of Louisiana in 1,580 metres of water and was drilled to a depth of 10,287 metres.

Appraisal drilling will begin in 2015.

"Chevron's leading position in the Gulf, where we are expecting further growth in the near-term from recent project startups at Jack/St. Malo and Tubular Bells, is further underpinned by this discovery," said Jeff Shellebarger, president, Chevron North America Exploration and Production Company. "We currently have five deepwater drillships operating in the Gulf, two of which are focused on exploration activities."

Chevron subsidiary Chevron U.S.A. Inc. is the operator, with a 55 per cent working interest in the Anchor prospect.  Anchor co-owners are Cobalt International Energy, Inc. (20 per cent), Samson Offshore Anchor, LLC (12.5 per cent); and Venari Resources LLC (12.5 per cent).

Got a news tip? Email news@oilandgastechnology.net