Subsea 7 was awarded a sizeable contract by Chevron Corp. for the development of the Ballymore project offshore U.S. Gulf of Mexico in water depths of up to 6,550 ft, a company press release announced on June 1.
"The Ballymore project is an excellent example of how we continue to build on our collaborative engagement with Chevron," Subsea 7 vice president Craig Broussard commented in the release. "We have been working together to drive value creation through early engagement, optimizing project delivery and accelerating first oil."
The project covers the installation of a steel catenary riser, flowline and control system. U.K.-based Subsea 7 has supported Chevron with early engineering prior to the award.
The offshore scope will be executed in 2023, and project management and engineering will take place in Subsea 7’s Houston office.
Announced by Chevron on May 17, the Ballymore project has a design capacity of 75,000 bbl/d of crude oil and will be developed as a three-mile subsea tieback to the existing Blind Faith platform, also operated by Chevron.
The project is expected to "add a reliable supply of U.S.-produced energy to help meet global demand," according to Steve Green, president of Chevron North America Exploration and Production.
Recommended Reading
Buoyed by Oil and Gas, Trump Poised to Retake the White House
2024-11-06 - President Donald Trump penetrated the blue wall for a second time, taking Pennsylvania’s crucial 19 electoral votes in a nail-biter on election night.
Liberty Energy’s Chris Wright is Harold Hamm's Top Choice for Energy Secretary
2024-11-15 - Energy policy influencer and founder of wildcatter Continental Resources Harold Hamm told Hart Energy that North Dakota Gov. Doug Burgum is also on his short list.
Texas Gas Vital to Mexico’s Nearshoring Boom
2024-10-25 - Continued U.S. piped-gas exports to Mexico bode well for Eagle Ford and Permian producers.
Texas Selects 17 Power Projects to Advance in New Loan Program
2024-09-04 - The 17 proposed projects would add 9,781 megawatts in power generation to the electric grid and will be distributed throughout the state, with four located in the Permian Basin.
Texas is Sued Over Anti-ESG Law
2024-08-29 - A nonprofit organization is suing Texas over a 2021 law it says violates members’ free speech rights by banning Texas from investing in or contracting with businesses that, in the state's view, "boycott" the oil and gas industry.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.