Chevron and TotalEnergies have agreed to a final investment decision (FID) on the Ballymore project, in the US Golf of Mexico. An amount of approximately US$1.6bn will be required for Ballymore’s execution.
The field, operated by Chevron with a 60% stake, is placed in a water depth of 6,600ft, 260km off the coast of New Orleands, in the Mississippi Canyon area.
The Ballymore field was discovered in 2018 and its development will be carried out through the drilling of three production wells. The wells will be tied back to Chevron’s existing Blind Faith platform via a 4.8km flowline.
Ballymore’s first oil is expected in 2025. According to Chevron, the field has a recoverable resources potential of 150m barrels of oil equivalent (boe).
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