Chevron Receives First Post-Moratorium Permit for GOM Exploration

The Bureau of Ocean Energy Management, Regulation and Enforcement has approved Chevron's plan to drill a well on the Moccasin prospect in Keathley Canyon Block 736.

The new well is located in 6,750 feet of water, about 216 miles off the Louisiana coastline. Initial drilling on Chevron's well began March 2010 by the Discoverer Inspiration drillship. Drilling was suspended on June 9, 2010, due to the drilling suspensions imposed following the Deepwater Horizon oil spill. Chevron operates the block with a 65% interest.

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