‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexic
Posted: Wed 31 Jan 2018, 18:24:50
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
‘Major’ Deep Offshore Oil Discovery Made in US Gulf of Mexico
