Chevron sanctions $1.6B Ballymore project in deepwater US GoM
Offshore staff
SAN RAMON, Calif. — Chevron Corp. has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico (GoM). The project, with a design capacity of 75,000 bbl/d of crude oil, will be developed as a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform.
Ballymore will be Chevron’s first development in the Norphlet trend of the U.S. GoM. The project will be in the Mississippi Canyon area in about 6,600 ft (2,000 m) of water, about 160 miles (260 km) southeast of New Orleans. Potentially recoverable oil equivalent resources for Ballymore are estimated at more than 150 MMbbl.
The project, which involves three production wells tied back via one flowline to the nearby Blind Faith facility, will require an investment of approximately $1.6 billion. Oil and natural gas production will be transported via existing infrastructure.
First oil is expected in 2025.
Chevron subsidiary Chevron U.S.A. Inc. is the operator of the Ballymore project (60% working interest) with co-owner TotalEnergies E&P USA Inc. (40% interest).
“Chevron’s U.S. Gulf of Mexico production is some of the lowest carbon intensity production in our portfolio at around 6 kg CO2 equivalent per barrel of oil equivalent and is a fraction of the global industry average,” said Steve Green, president of Chevron North America Exploration and Production. “Once complete, Ballymore is expected to add a reliable supply of U.S.-produced energy to help meet global demand. The project is designed to lower development costs by using a subsea tieback approach, standardized equipment and repeatable engineering solutions, leveraging existing operated infrastructure.”
05.17.2022
