Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Subsea 7 was awarded a sizeable contract by Chevron Corp. for the development of the Ballymore project offshore U.S. Gulf of Mexico in water depths of up to 6,550 ft, a company press release announced on June 1.
"The Ballymore project is an excellent example of how we continue to build on our collaborative engagement with Chevron," Subsea 7 vice president Craig Broussard commented in the release. "We have been working together to drive value creation through early engagement, optimizing project delivery and accelerating first oil."
The project covers the installation of a steel catenary riser, flowline and control system. U.K.-based Subsea 7 has supported Chevron with early engineering prior to the award.
The offshore scope will be executed in 2023, and project management and engineering will take place in Subsea 7’s Houston office.
Announced by Chevron on May 17, the Ballymore project has a design capacity of 75,000 bbl/d of crude oil and will be developed as a three-mile subsea tieback to the existing Blind Faith platform, also operated by Chevron.
The project is expected to "add a reliable supply of U.S.-produced energy to help meet global demand," according to Steve Green, president of Chevron North America Exploration and Production.
Recommended Reading
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
2024-01-12 - The oil and gas rig count, an early indicator of future output, fell by two to 619 in the week to Jan. 12, the lowest since November.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-01-05 - The oil and gas rig count, an early indicator of future output, fell by one to 621 in the week to Jan. 5.
Activity Offshore Norway Expected to Remain Steady in 2024
2024-01-11 - The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.
Prairie Operating Acquires More D-J Basin Assets for $94.5MM
2024-01-15 - Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.
ONGC’s M Field Starts Production in Bay of Bengal
2024-01-09 - ONGC’s M Field represents the second phase of the larger 98/2 Block development project which is expected to reach peak production of 45,000 bbl/d and 10 MMcm/d.