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Chevron announces major oil discovery in deepwater US Gulf of Mexico: Ballymore

Chevron Corporation announced a significant oil discovery at the Ballymore prospect in the deepwater US Gulf of Mexico. Ballymore is located in the Mississippi Canyon area of the US Gulf of Mexico, approximately three miles from Chevron’s Blind Faith platform, in water depth of 6,536 feet (1,992 meters).

The initial Ballymore well reached total measured depth of 29,194 feet (8,898 meters) and encountered more than 670 feet (204 meters) net oil pay with excellent reservoir and fluid characteristics. A sidetrack well is currently being drilled to further assess the discovery and begin to define development options.

The Gulf of Mexico deepwater is an integral part of our company’s long-term strategy. This discovery is an important addition to our portfolio, especially with its combination of size, quality and proximity to existing infrastructure.

—Jeff Shellebarger, President of Chevron North America Exploration and Production

Chevron subsidiary Chevron U.S.A. Inc. is the operator with a 60% working interest in the Ballymore prospect. The co-owner is TOTAL E&P USA Inc. (40%).

The Ballymore well was drilled by Pacific Drilling’s Sharav deepwater drillship.


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