Wednesday, January 31, 2018

Total, Chevron declare major oil find in the Gulf of Mexico

Ballymore prospect
French energy company Total said Wednesday it made what it considers the largest discovery it's ever made in the U.S. waters of the Gulf of Mexico.

Total said Wednesday it ran through a deep column of oil while drilling in its Ballymore prospect in the eastern U.S. waters of the Gulf of Mexico. In declaring the discovery, the company said it was already considered a commercial prospect.

"Ballymore is the largest discovery by Total in the prolific Gulf of Mexico and bolsters our new exploration strategy put in place since 2015," Kevin McLachlan, a senior vice president for exploration at Total, said in an emailed statement.

Chevron is the operator with a 60 percent interest in the prospect. Both companies said drilling was progressing to confirm the full potential of the discovery about 75 miles off the coast of Louisiana. The initial well was drilled using a floating drillship.
Ballymore prospect

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