Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Ballymore: Chevron sanctions $1.6 billion Gulf of Mexico project

© Supplied by ChevronBallymore Chevron
Ballymore will be tied back to the Blind Faith facility three miles away.

Chevron has sanctioned the Ballymore development, a 150 million-barrel oil field in the US Gulf of Mexico.

With a $1.6 billion pricetag, Chevron said Ballymore will be tied back to the Blind Faith platform three miles away.

The project is designed to produce 75,000 barrels of crude oil per day, and lies around 160 miles south-east of New Orleans.

Chevron also praised the development’s low-carbon credentials.

President of North America Exploration and Production, Steve Green, said: “Chevron’s US 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.

“Once complete, Ballymore is expected to add a reliable supply of US-produced energy to help meet global demand.

“The project is designed to lower development costs by using a subsea tieback approach, standardised equipment and repeatable engineering solutions – leveraging existing operated infrastructure.”

Ballymore involves three production wells tied back via a single flowline to the Blind Faith facility, with oil and natural gas production then transported via existing infrastructure.

First oil is expected in 2025, with recoverable resources estimated at more than 150 million barrels. The project sits in around 2,000 metres of water.

Chevron is the operator of Ballymore with a 60% interest, partnered with a US subsidiary of TotalEnergies which holds the remainder.

First oil flowed from the Blind Faith platform back in 2008.

The completed Blind Faith platform weighs over 40,000 tonnes, and including what’s below the waterline, it’s equivalent in height to a 29-storey building.

Last month Chevron posted its highest quarterly profits in 10 years of $6.5bn off the back of higher commodity prices, with the firm’s US production increasing by 10% from the same period last year.

CEO Mike Wirth pledged to increase oil and gas production to help wean the west off Russian supply in the wake of the invasion of Ukraine, as part of the US’ role as a major LNG exporter.

Recommended for you

More from Energy Voice

Latest Posts