Chevron Corporation announces the start of oil and natural gas production using deepwater technology at its Anchor project in the deepwater Gulf of Mexico. This production marks the successful implementation of an advanced system that operates under extremely high pressure, up to 20,000 psi, in reservoirs as deep as 34,000 feet, well below sea level.
Chevron’s deepwater technology
Chevron Oil, Products & Gas executive vice president Nigel Hearne said,“The Anchor project represents a major breakthrough for the industry. The application of this technology in deep water allows access to resources that were previously inaccessible, while laying the groundwork for future high-pressure developments in the sector.
The Anchor project infrastructure centers on a semi-submersible floating production unit(FPU), designed to process up to 75,000 gross barrels of oil per day and 28 million gross cubic feet of natural gas daily. This development includes seven subsea wells connected to the FPU, located in the Green Canyon area, about 140 miles (225 km) off the coast of Louisiana, in water depths of approximately 5,000 feet (1,524 m). In addition, it is estimated that the Anchor field could hold as much as 440 million barrels of oil…
Bruce Niemeyer, president of Chevron Americas Exploration & Production, said,“This milestone at Anchor demonstrates Chevron’s ability to execute projects safely and on budget in the Gulf of Mexico. He added that this project provides affordable, reliable and less carbon-intensive oil and natural gas, helping to meet growing energy demand and supporting economic activity in Gulf coastal communities.
This development strengthens Chevron’s presence in the Gulf of Mexico, where the company operates five other production facilities, establishing it as one of the least carbon-intensive oil and gas basins in the world. Chevron’s owned and shared operations in this region are expected to produce a combined 300,000 net barrels of oil equivalent per day by 2026.
Moreover, the Anchor FPU has been designed to minimize carbon emissions. minimize carbon emissions. The facility features an all-electric water treatment system, equipped with electric motors and electronic controls, as well as incorporating waste heat and steam recovery units. The existing pipeline infrastructure is also used to transport oil and natural gas directly to U.S. Gulf Coast markets, optimizing process efficiency.
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Source and photo: Chevron
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