Chevron, Total strike oil offshore USA

USA

SAN RAMON, January 31, 2018 – The Ballymore deepwater prospect in the Gulf of Mexico has yielded a major oil discovery, operator Chevron announced late on Tuesday.

The initial well at the project struck more than 204 metres of net high-quality oil deposits, the statement added.

“The Gulf of Mexico deepwater is an integral part of our company’s long-term strategy,” said Jeff Shellebarger, Chevron’s president for E&P in North America. “This discovery is an important addition to our portfolio, especially with its combination of size, quality and proximity to existing infrastructure.”

Chevron owns a 60% interest at the Ballymore prospect alongside Total, which holds the remaining 40%.

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