Friday, August 18, 2017

Chevron Hits Anchor Oil in GoM

February 10, 2015 by  
Filed under Top Stories

Chevron Corporation has announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico.Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year.

“The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. 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, Upstream, Chevron Corporation.

The Green Canyon Block 807 Well No. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. The well, which was spudded in August 2014, is located approximately 225 km off the coast of Louisiana in 1,580 m of water and was drilled to a depth of 10,287 m. Appraisal drilling will begin in 2015.

“Chevron’s leading position in the Gulf, where we are expecting further growth in the near-term from recent project startups at Jack/St. Malo and Tubular Bells, is further underpinned by this discovery,”said Jeff Shellebarger, president, Chevron North America Exploration and Production Company. “We currently have five deepwater drillships operating in the Gulf, two of which are focused on exploration activities.”

Chevron subsidiary Chevron U.S.A. Inc. is the operator, with a 55 percent working interest in the Anchor prospect. Anchor co-owners are Cobalt International Energy, Inc. (20 percent), Samson Offshore Anchor, LLC (12.5 percent); and Venari Resources LLC (12.5 percent).

Viper Subsea will showcase a range of products and services at this year’s Subsea Expo in Aberdeen. This year, the focus by Viper Subsea will be on those services and products that improve the efficiencies of the Integrity Management of aging subsea control systems and umbilicals. From a hardware perspective, the second generation V-LIFE technology will be on show together with V-LIM, the first deliverable product under the industry funded V-IR project.

V-LIFE is an award winning technology that reverses the effects of water ingress into subsea electrical cables, connectors and umbilicals. With a rapidly growing installed base and a 100% success rate, the technology has already saved the industry many millions of pounds in costs by extending the service life of failing equipment and avoiding the need for subsea interventions.

The V-IR system is a holistic approach to monitoring the integrity of complete subsea distribution system and pin-pointing degrading components before failure occurs. The project is sponsored by BP, Shell, Total, and Chevron with the full suite of technology being ready for a field trial by Q4 this year. The first product to be commercialised is V-LIM, a surface located umbilical monitoring device, which has a market leading specification resulting in high accuracy continuous monitoring of the integrity of the umbilical. It also acts as a topsides modem for acquiring all the subsea data from the other components in the V-IR network.

“For a number of years we have been developing technology and services that provide the oil field Operators with more cost effective solutions for managing and monitoring their subsea control systems. In the current climate of low oil prices and tight financial margins, the technology is exactly what the industry needs in their drive towards cost efficiencies.” says Neil Douglas, Managing Director of Viper Subsea. “By providing a complete suite of services and innovative products, we are able to make a real difference and offer real solutions to problems and save our clients significant sums of money.”

To find out more visit Viper Subsea on stand 19 or listen to a paper by Steve Simpson on V-IR which takes place at 1230 on Thursday 12th February at the Expo.

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