12/12/2019. by Jordan Blum, Houston Chronicle.
Chevron, through its subsidiary Chevron U.S.A. Inc., is operator and holds a 62.86 percent working interest in the Anchor project. At Anchor, we streamlined our front-end engineering and design phase and are utilizing more industry standards in our designs and equipment to lower costs while maintaining Operational Excellence.”We strive to enable human progress in a sustainable manner to serve the world’s growing population and create a better future.The planned facility has a design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. Co-owner TOTAL E&P USA, Inc. holds 37.14 percent working interest.The Anchor Field is located in the Green Canyon area, approximately 140 miles (225 km) off the coast of Louisiana, in water depths of approximately 5,000 feet (1,524 m). DSME will build the hull for the semi-submersible floating production unit for Chevron’s Anchor project. Partner Total holds the remaining 37.14% working interest. First oil is anticipated in 2024.We have exciting capital projects that use innovative technology designed to provide decades of energy.© 2001 – 2020 Chevron Corporation. Because we understand that the well-being of people everywhere depends on energy. Co-owner TOTAL E&P USA, Inc. holds 37.14 percent working interest.The Anchor Field is located in the Green Canyon area, approximately 140 miles (225 km) off the coast of Louisiana, in water depths of approximately 5,000 feet (1,524 m). *Map accurate at time of publication.Innovation powers our performance.We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us.“This decision reinforces Chevron’s commitment to the deepwater asset class,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation. Industry had expected Chevron to take a final investment decision on Anchor this year, but Johnson said that is now slated for early next year. This marks the industry’s first deepwater high-pressure development to achieve a final investment decision. “We expect to continue creating value for shareholders by delivering stand-alone development projects and sub-sea tie backs at a competitive cost.”The planned facility has a design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. “We’re doing this by standardizing equipment, utilizing fit-for-purpose surface facilities that require less capital and employing drill to fill strategies. Chevron authorises Anchor project in Gulf with $5.7bn initial investment. Our strong results come from empowering our people. “We’re doing this by standardizing equipment, utilizing fit-for-purpose surface facilities that require less capital and employing drill to fill strategies. Image 1 of 1. Industry produces ultra-deepwater wells typically at a limit of 15,000 pounds per square inch (psi) of pressure, but Anchor and a few other US Gulf discoveries are at the 20,000 psi level. SAN RAMON, Calif. – Dec. 12, 2019 – Chevron Corporation (NYSE: CVX) announced today it has sanctioned the Anchor project in the U.S. Gulf of Mexico. Operator Chevron, which holds a 62.86% stake in the Anchor project, will develop the first phase as a seven-well subsea development tied to a semisubmersible floating production unit (FPU) with planned design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. 13/12/2019, 6:00 am Updated: 13/12/2019, 7:10 am. The initial development of the project will require an investment of approximately $5.7 billion. Updated 8:17 am CST, Thursday, December 12, 2019 Image 1 of / 1. technology; worldwide; annual report; top downloads. our projects. SAN RAMON, CA - Chevron has sanctioned the Anchor project in the U.S. Gulf of Mexico, marking the industry’s first deepwater high-pressure development to achieve a … project portfolio overview; gorgon; wheatstone; jack/st. We have exciting capital projects that use innovative technology designed to provide decades of energy. Chevron, through its subsidiary Chevron U.S.A. Inc., is operator and holds a 62.86 percent working interest in the Anchor project.
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