Chevron makes major oil discovery in Ballymore prospect in US

Source Total
Source Total
Author

02 February, 2018

Shell won almost half of the offshore blocks awarded, especially in the Perdido Foldbelt region near the Texas-Mexico border and Shell's existing developments on the USA side of the Gulf.

"Whale builds on Shell's successful, almost 40-year history in the deep waters of the Gulf of Mexico and is particularly special in that it offers a combination of materiality, scope and proximity to existing infrastructure", said Shell's Marc Gerrits, executive vice president of exploration.

The company revealed that now a sidetrack well is being drilled to further evaluate the Ballymore discovery and to start chalking out development options. The Whale discovery "shows how, through exploration, we are sustaining a strong pipeline of discoveries and future projects to sustain this deepwater growth".

Chevron U.S.A., a subsidiary of Chevron is the operator of the Ballymore prospect with a stake of 60%.

Shell was the biggest victor in the bidding round, in which 10 blocks drew no bids.

According to Chevron, Ballymore consolidates its position in the deepwater Gulf of Mexico with the new oil discovery located about 4.8kms from the company's Blind Faith platform.

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Drilling operations for the Whale well were completed in June 2017 to a depth of approximately 22,948-feet (measured depth).

The company said it expected global deepwater production to exceed 900,000 boe per day by 2020, from already established areas.

A sidetrack well is now ongoing to confirm the upside potential.

Royal Dutch Shell's Perdido deep water platform is set to begin oil production in early 2010. It also demonstrates all the interest of Total's GoM farm-in agreement with Chevron, where we acquired a 40% interest in Ballymore. The prospect lies in 2,000 m of water and 120 km off Louisiana on four blocks in the Norphlet formation, including Block MC 607 where the discovery was made.

The new reserve is Total's largest discovery in the area.


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