Chevron Anchor Design Contract Goes to Wood

Chevron Anchor Design Contract Goes to Wood
Above is a 3D model illustration of Chevron's Anchor semi-FPU. IMAGE SOURCE: Wood plc

Wood plc reported Thursday that it has won the detailed design contract for Chevron Corp.’s Anchor deepwater development in the U.S. Gulf of Mexico (GOM).

As Rigzone reported late last year, Chevron’s sanctioning of the $5.7-billion Anchor Field – located approximately 140 miles (225 kilometers) off the Louisiana coast – holds the distinction of being the industry’s first deepwater high-pressure development to win a favorable final investment decision.

“With over 30 years of experience designing deepwater developments, we are committed to supporting the Anchor project and the key role it plays in exploring oil and gas from the deepwater Gulf of Mexico,” Stephanie Cox, CEO of Wood’s Asset Solutions Americas unit, commented in a written statement. “We are proud to play a part in this milestone U.S. project, which signals a renewed confidence in the region.”

According to Wood, the firm’s Houston-based engineering teams will lead the project under an existing 10-year master services agreement (MSA) with Chevron. Wood noted that its project scope has incorporated the preliminary front-end engineering and design (pre-FEED), FEED and now includes detailed design of Anchor. It added the wet tree development will employ a semi-submersible floating production unit (semi-FPU).

“Under the scope of work, Wood is delivering a unique, fully integrated design for the topsides and subsea system, incorporating risers, production flowlines, export pipelines and flow assurance analysis,” Wood stated.

The Anchor semi-FPU, which will be deployed in Block 807 of the Green Canyon Protraction Area in more than 4,921 feet (1,500 meters) of water, will boast a production capacity of 75,000 barrels per day (bpd) of oil and 28 million cubic feet per day of natural gas, Wood stated, adding that output capabilities could be expanded in the future. The firm noted the ultrahigh-pressure project will sustain an operating pressure of 20,000 pounds per square inch.

Chevron’s Chevron U.S.A., Inc. subsidiary will operate Anchor and holds a 62.86-percent interest in the project. Total E&P USA, Inc. owns the remaining 37.14-percent stake. Chevron has stated that it expects Anchor to achieve first oil in 2024.

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