Chevron Makes Move with Blind Faith in GOM
Blind Faith, the cornerstone of Chevron's $1 billion Gulf of Mexico project, was moved out of a coastal Texas city over the weekend and is being towed to its deepwater home 160 miles southeast of New Orleans.
Chevron's website claims that "the semisubmersible facility will have a production capacity of 45,000 [bbl/d] and 45 [Mmcf/d]. The topsides can be upgraded to a capacity of 60,000 [bbl/d] and 150 [Mmcf/d] to accommodate production from satellite discoveries or third-party tiebacks."
Chevron North America Exploration and Production President Gary Luquette said, "Blind Faith is part of our upstream strategy to grow profitability in our core areas and build new legacy positions. This project is a key asset in our deepwater portfolio and is expected to provide significant new oil and gas resources in the Gulf of Mexico."
Chevron stated that first production is expected sometime in the second quarter.
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