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Page added on January 31, 2018

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‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexico

Geology

Chevron Corporation announced Wednesday that a ‘major’ oil discovery has been made at the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico.

The Ballymore well reached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay with ‘excellent’ reservoir and fluid characteristics, Chevron said in a statement on its website. A sidetrack well is currently being drilled to further assess the discovery, which is already deemed commercially viable.

“The Gulf of Mexico deepwater is an integral part of our company’s long-term strategy,” Jeff Shellebarger, president of Chevron North America Exploration and Production, said in a company statement.

“This discovery is an important addition to our portfolio, especially with its combination of size, quality and proximity to existing infrastructure,” he added.

Located approximately three miles from Chevron’s Blind Faith platform, the Ballymore prospect is situated in water depth of about 6,540 feet, 75 miles from the Louisiana coast, and covers four blocks in the Norphlet play.

Total, which acquired a 40 percent working interest in Ballymore as part of an exploration agreement with Chevron signed in September 2017, said it was thrilled to reveal its latest find.

 

 

“This major discovery gives us access to large oil resources and follow on potential in the emerging Norphlet play,” Arnaud Breuillac, president of exploration and production at Total, said in a company statement.

Kevin McLachlan, senior vice president of exploration at Total, confirmed that Ballymore is the largest discovery by the company in the Gulf of Mexico.

Chevron subsidiary Chevron U.S.A. Inc. is the operator of the Ballymore prospect with a 60 percent working interest. Total E&P USA Inc. holds the remaining 40 percent stake.

RIGZONE



9 Comments on "‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexico"

  1. dave thompson on Wed, 31st Jan 2018 2:20 pm 

    OH BOY! another ghawar sized field.

  2. Boat on Wed, 31st Jan 2018 10:28 pm 

    Dave,

    Maybe, they just got that computer going.

  3. rockman on Thu, 1st Feb 2018 9:21 am 

    Dave – The last Ghawar size field discovered in the US lower 48 was the East Texas Field. It was found about 85 YEARS AGO. Subsequent to that the US got by farly well finding such “small” fields as the new Chevron discovery. LOL.

  4. roccman on Thu, 1st Feb 2018 1:26 pm 

    “Chevron’s Blind Faith platform”

    lol – can’t make this stuff up – they know we are lost – on even the most basic levels.

  5. dave thompson on Fri, 2nd Feb 2018 7:06 am 

    I was being sarcastic, they do not say how big it is.

  6. Anonymous on Fri, 2nd Feb 2018 11:27 am 

    1. Shell also announced a discovery in an area called (literally) Whale.

    2. Interesting that Kaplan (POB) has not commented on these. He tends to cleave a little pessimistic but knows a heck of a lot. Interested even in a negative view. (Also like to get SouthLAGeo’s take.)

  7. MASTERMIND on Fri, 2nd Feb 2018 1:01 pm 

    We’re in slow collapse now. Fast is when gasoline physically stops coming to gas stations and people begin rioting. Shortly after that, people begin starving because trucks will stop delivering food. Also people will lack the gas to get to their job or buy food.

  8. rockman on Fri, 2nd Feb 2018 4:06 pm 

    MM – The panic will set in long before the gas stations run dry. IMHO high and SUSTAINED fuel and utility prices will severely shock the entire system long before shortages hit.

  9. dave thompson on Fri, 2nd Feb 2018 11:31 pm 

    Good point Rockman to expensive will most likely lead to big time consumer failures. That will then lead to industrial civ collapse due to being to expensive for consumers. However, the Hills Group sez otherwise.

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