'Major' Deep Offshore Oil Discovery Made in US Gulf of Mexico

Rigzone Website ^ | Andreas Exarheas

[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.

[Alas Babylon!]

The article doesn't say how much, but still rather substantial. Located off 30 miles southeast of the main Mississippi outflow, 100 miles due south of Gulf's Mississippi/Alabama border.

We can all use the good news and expanded oil production, what with gas prices going up this month!

[Alas Babylon!]

Hey Bill, close to your island!

[rfp1234]

Soddy sheiks are crying in their beer goat milk.

[rktman]

Well there goes da shrimps. 😹🍤🐬🐳🐋🌊

[PIF]

Earlier it was reported that the find was by a French company. Maybe Chevron is French owned?

[Army Air Corps]

Ping.

[DNME]

Any bets they’ll find some WHOPPERS once we start probing the Atlantic seaboard?

[Army Air Corps]

Nope. Corporate HQ is in San Ramon, Ca.

[Hot Tabasco]

eached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay

How did dinosaur and fauna remains get to that depth to create oil?

[Red Badger]

Winning!.....................

[Texas Fossil]

Off shore drilling rigs and wells are amazing fish attractors. The structure of the rig makes for some great fishing. Have a cousin who was a Petroleum engineer and worked off shore in the Gulf from LA. He was always bring some huge fish they had caught to family gatherings.

Fishing and oilies actually coexist well together.

[Captain Peter Blood]

Chevron is in California.

[Popman]

I tell you “Peak Oil” is coming, / S

[dsrtsage]

Well, guess thats the end of earth. Was fun while it lasted

[Jolla]

I think the planet just produces the stuff all of the time

[rktman]

Yup. Lived and worked in the NOLA/Biloxi/Gulfport area for about 18 years. So, I know about the secret fishing at the rigs.

[WeWaWes]

So why the heck is gas still high. Seems almost monthly I read that a new patch has been uncovered, but I never see it in my wallet.

[Steely Tom]

How did dinosaur and fauna remains get to that depth to create oil?

Maybe the same way they got to Titan, and created methane oceans there.

[Alas Babylon!]

How did dinosaur and fauna remains get to that depth to create oil?

I'm going to go with gravity... :-)

[WeWaWes]

The Earth is getting fatter.