Chevron on Monday morning announced it has started oil and natural gas production from its Ballymore project off the Louisiana coast.
The deepwater project is the latest in a series of projects begun by Chevron in the past year and is a step toward the company’s goal of producing 300,000 net barrels per day of oil from the Gulf by 2026.
Ballymore, located about 160 miles southeast of New Orleans, is expected to produce up to 75,000 gross barrels of oil per day through three wells tied back 3 miles to the existing Chevron-operated Blind Faith facility.
Chevron is a leading leaseholder in the Gulf and continues to actively pursue opportunities for growth in the basin, according to the announcement. The company estimates it could potentially recover some 150 million barrels of oil equivalent gross from Ballymore over the life of the project.
Chevron subsidiary Chevron U.S.A. Inc. operates the Ballymore project with 60% working interest, while co-owner TotalEnergies E&P USA Inc. has 40% working interest.
