**Chevron Commences Oil Production at Anchor Field in the Gulf of Mexico**
In a significant milestone for the oil and gas industry, Chevron Corporation has successfully initiated oil production at the Anchor field located in the deepwater region of the U.S. Gulf of Mexico. This achievement underscores Chevron’s commitment to advancing high-pressure technology in challenging offshore environments.
The Anchor project, launched in December 2019, represents a major breakthrough by deploying 20,000 psi technology, which enables the safe operation of reservoirs at depths of up to 34,000 feet beneath the water surface. This innovative approach opens up access to previously untapped resources and sets a precedent for future deepwater high-pressure developments.
### Key Highlights of the Anchor Project
– **Operated by Chevron:** The Anchor Field is operated by Chevron U.S.A. Inc., which holds a significant 62.86% working interest in the project. TotalEnergies E&P USA, Inc. holds the remaining 37.14% working interest.
– **Location and Capacity:** The Anchor Semi-Submersible Floating Production Unit (FPU) is situated approximately 140 miles (225 km) off the Louisiana coast in the Green Canyon area. The facility boasts a design capacity of 75,000 barrels of oil per day (bopd) and 28 million cubic feet of natural gas per day (MMcf/d).
– **High-Pressure Technology:** The successful deployment of 20,000 psi technology is a first in the industry. This high-pressure capability allows Chevron to explore and produce from reservoirs that were previously inaccessible.
– **Emissions Reduction:** Emphasizing sustainability, the Anchor FPU has been designed as an all-electric facility with electric motors and electronic controls. Additionally, it utilizes waste heat and vapor recovery units to minimize greenhouse gas emissions.
– **Long-Term Potential:** The total potentially recoverable resources from the Anchor field are estimated to be up to 440 million barrels of oil equivalent (