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'Major' Deep Offshore Oil Discovery Made in US Gulf of Mexico
Rigzone Website ^ | Andreas Exarheas

Posted on 01/31/2018 2:45:58 PM PST by Alas Babylon!

Chevron Corporation announced Wednesday that a ‘major’ oil discovery has been made at the Ballymore prospect, located deep offshore in the U.S. Gulf of Mexico.

The Ballymore well reached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay with ‘excellent’ reservoir and fluid characteristics, Chevron said in a statement on its website. A sidetrack well is currently being drilled to further assess the discovery, which is already deemed commercially viable.

“The Gulf of Mexico deepwater is an integral part of our company’s long-term strategy,” Jeff Shellebarger, president of Chevron North America Exploration and Production, said in a company statement.

“This discovery is an important addition to our portfolio, especially with its combination of size, quality and proximity to existing infrastructure,” he added.

Located approximately three miles from Chevron’s Blind Faith platform, the Ballymore prospect is situated in water depth of about 6,540 feet, 75 miles from the Louisiana coast, and covers four blocks in the Norphlet play.

Total, which acquired a 40 percent working interest in Ballymore as part of an exploration agreement with Chevron signed in September 2017, said it was thrilled to reveal its latest find.


TOPICS: Business/Economy
KEYWORDS: chevron; discovery; drillbabydrill; energy; gas; gulf; oil; palinwasright
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To: Hot Tabasco

Fossil fuels are not really from fossils


21 posted on 01/31/2018 3:04:02 PM PST by Magnum44 (My comprehensive terrorism plan: Hunt them down and kill them)
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To: Hot Tabasco

Oil was formed from the remains of animals plants, micro-organisms that lived millions of years ago in a marine environment. Over the years, the remains were covered by layers of mud and sand. Heat and pressure caused the remains turn into crude oil.


22 posted on 01/31/2018 3:04:29 PM PST by HerrBlucher (For the sake of His sorrowful passion have mercy on us and on the whole world.)
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To: Army Air Corps; beaversmom
YES!

Drill Baby, Drill!

23 posted on 01/31/2018 3:05:31 PM PST by KC_Lion (If you want on First Lady Melania's, Ivanka Trump's or Sarah Palin's Ping Lists, just let me know.)
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To: Hot Tabasco

Excellent question! Libs will say global warming. Bible says the world flooded.


24 posted on 01/31/2018 3:05:51 PM PST by ealgeone
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To: Hot Tabasco

Excellent question! Libs will say global warming. Bible says the world flooded.


25 posted on 01/31/2018 3:05:54 PM PST by ealgeone
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To: rktman

My cousin owned a consulting firm in Lafayette.

He made a lot of money in New Orleans real estate after that.

Have not heard much from him in the past 10 years. He’s pretty private person. Very smart.


26 posted on 01/31/2018 3:06:00 PM PST by Texas Fossil ((Texas is not where you were born, but a Free State of Heart, Mind & Attitude!))
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To: WeWaWes

Two things.

—OPEC cut production by 50 million barrels

—A growing US economy needing MORE

Also, there is still some lost capacity stateside due to Hurricane Harvey.


27 posted on 01/31/2018 3:06:40 PM PST by Alas Babylon! (Keep fighting the Left and their Fake News!)
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To: Hot Tabasco

Oil is abiogenic in origin IMO. I know that makes me sound like a kook but there is no other explanation. How did oil get embedded NORTH of Alaska? Dinos lived in lush tree filled jungles. There were no jungle that far north in Pangaea.


28 posted on 01/31/2018 3:09:58 PM PST by central_va (I won't be reconstructed and I do not give a damn)
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To: Alas Babylon!
So we are finally following the Russians who abandoned “Peak Oil” and fossil derive oil years ago. So much for “Peak Oil.” Drill baby, drill DEEP baby. There's crude down there in the mantle.
29 posted on 01/31/2018 3:11:04 PM PST by iontheball (lLL)
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To: PIF
Earlier it was reported that the find was by a French company. Maybe Chevron is French owned?

One of the partners in the well, Total S.A., is a French concern. Chevron is the former Standard Oil of California.
30 posted on 01/31/2018 3:12:44 PM PST by Milton Miteybad (I am Jim Thompson. {Really.})
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To: Alas Babylon!

Just bring the price of heating oil back down. Right now it is a killer.


31 posted on 01/31/2018 3:12:52 PM PST by Revel
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To: central_va
Well, ya see, when the poles switch and the erf rotation reverses, ya just never know where on Pangea stuff will end up. No, really. Main cause is chem trails. No, really. 👹
32 posted on 01/31/2018 3:18:06 PM PST by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: Alas Babylon!
The squares you sometimes see out the airplane window are exactly 1 mile across. That well is about 6 of those squares straight down, and 1 square deep of water above that. It's amazing technology that they can drill it. The temperatures and pressures must be extreme. The oil should blast itself right out. How did a 600 foot deep lake of dead algae get down there in the first place?


33 posted on 01/31/2018 3:21:50 PM PST by Reeses (A journey of a thousand miles begins with a government pat down.)
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To: Hot Tabasco

Oil is a product of the Earths geology.


34 posted on 01/31/2018 3:31:27 PM PST by Glad2bnuts (If Republicans are not prepared to carry on the Revolution of 1776, prepare for a communist takeover)
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To: Revel

Seeing gasoline under $2.00 would be great.


35 posted on 01/31/2018 3:31:56 PM PST by wally_bert (I didn't get where I am today by selling ice cream tasting of bookends, pumice stone & West Germany)
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To: Alas Babylon!

Democrats and Sheiks sad.


36 posted on 01/31/2018 3:33:14 PM PST by eddie willers
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To: PIF

The French company is Total, mentioned towards the bottom of the excerpt as having a 40% interest.


37 posted on 01/31/2018 3:43:17 PM PST by Fedora
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To: Reeses

Wow, look at all those Houses the Farmers grew.

Simply amazing.


38 posted on 01/31/2018 3:48:01 PM PST by Kickass Conservative (The way Liberals carry on about Deportation, you would think "Mexico" was Spanish for "Shithole".)
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To: central_va
Oil is abiogenic in origin IMO. I know that makes me sound like a kook but there is no other explanation.

Crude oil is filled with molecular fossils of dead things. Shouldn't that end the debate? Coal seams have tree and plant imprints.

39 posted on 01/31/2018 3:54:36 PM PST by Reeses (A journey of a thousand miles begins with a government pat down.)
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To: Alas Babylon!

There’s lots of oil out there, but what numbers are required to make it economically viable? There are guys in west Texas that can make money at $40, and they are sitting pretty these days in the mid-60s. But it takes a lot of time and money to get the deep offshore stuff to the market.


40 posted on 01/31/2018 3:59:54 PM PST by PAR35
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