Anchor oilfield development, US – update
Name of the Project
Anchor oilfield development.
Location
The project is located in the Green Canyon, about 225 km off the coast of Louisiana, in the US Gulf of Mexico, in water depths of 1 524 m.
Project Owner/s
Total holds a working interest of 37.14% and operator Chevron Corporation 62.86%.
Project Description
The total potentially recoverable oil-equivalent resources for Anchor are estimated at more than 440-million barrels.
The first phase of the project comprises seven subsea wells connected to a semisubmersible floating production unit with a capacity of 75 000 bbl/d of crude oil and 28-million cubic feet of gas a day.
The facility will be the first development to use the high-pressure 20 000-pounds-per-square-inch technologies developed at industry level over the past few years.
Potential Job Creation
Not stated.
Capital Expenditure
The initial development requires an investment of $5.7-billion.
Planned Start/End Date
Chevron sanctioned the project in December 2019. First oil is expected in 2024.
Latest Developments
TotalEnergies announced the start of production from the Anchor field on August 12, 2024.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Total media relations, tel +33 1 47 44 46 99 or email presse@total.com.
Chevron Corporation, Veronica Flores-Paniagua, tel +1713372 0063.
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