Chevron Strikes Oil at Anchor Prospect in Deepwater Gulf

Chevron Strikes Oil at Anchor Prospect in Deepwater Gulf
Chevron strikes oil pay in multiple Lower Tertiary Wilcox sands with its Anchor discovery in the US Gulf.

Chevron Corp. has made its second significant oil discovery in the deepwater U.S. Gulf of Mexico in less than a year with its Anchor prospect.

Spud in August 2014 and drilled to a depth of 33,749 feet (10,287 meters) with the Pacific Santa Ana (UDW drillship), the Green Canyon Block 807 Well No. 2 struck oil pay in multiple Lower Tertiary Wilcox sands. Chevron will begin appraisal drilling this year on the well, which is located approximately 140 miles (225 kilometers) offshore Louisiana in 5,183 feet (1,580 meters) of water.

Chevron U.S.A. Inc. is operator of Anchor with 55 percent working interest. Partners include Cobalt International Energy Inc. with 20 percent, Samson Offshore Anchor LLC with 12.5 percent, and Venari Resources LLC with 12.5 percent.

Anchor, along with the previously announced Guadalupe discovery, are significant finds for Chevron in the deepwater Gulf.

“We had one of our best years with the drill bit in 2014, reporting more than 30 discoveries worldwide and adding an estimated one billion barrels of new resources to our holdings,” said Jay Johnson, senior vice president of Upstream, at Chevron, in a Jan. 6 press statement.

Chevron currently has five deepwater drillships operating in the Gulf, including two focused on exploration activities, Jeff Shellebarger, president of Chevron North America Exploration and Production Company, said in the press statement.

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