**Chevron Commences Oil Production at Deepwater Anchor Field in the Gulf of Mexico**
In a significant milestone for the energy industry, Chevron Corporation has announced the successful startup of oil production at the Anchor field in the deepwater U.S. Gulf of Mexico. This achievement marks the beginning of operations for Chevron’s sixth operated platform in the region, a testament to the company’s commitment to safe and efficient project delivery.
The Anchor project leverages cutting-edge high-pressure technology capable of operating at pressures of up to 20,000 psi, despite reservoir depths reaching a staggering 34,000 feet below sea level. This pioneering deepwater development will consist of seven subsea wells tied into a semi-submersible floating production unit (FPU) with a design capacity of 75,000 barrels of oil per day and 28 million cubic feet of natural gas per day.
Located in the Green Canyon area, approximately 140 miles offshore from Louisiana in water depths of about 5,000 feet, the Anchor field promises substantial recoverable resources. The estimated total potentially recoverable resources from this field are up to 440 million barrels of oil equivalent.
“Nigel Hearne, Executive Vice President at Chevron Oil, Products & Gas, highlighted the significance of this project: ‘The Anchor project represents a breakthrough for the energy industry. The application of this industry-first deepwater technology allows us to unlock previously challenging resources and will enable similar high-pressure developments within the industry.'”
Bruce Niemeyer, President of Chevron Americas Exploration & Production, also underlined the importance of this milestone: “This accomplishment demonstrates Chevron’s ability to safely deliver projects within budget in the Gulf of Mexico. The Anchor project will provide affordable, reliable, and lower carbon intensity oil and natural gas to help meet energy demand while stimulating economic growth in Gulf Coast communities.”
The Anchor FPU is designed to minimize greenhouse gas emissions through its all-electric configuration, featuring electric motors and electronic controls. Additionally, the facility employs waste heat recovery and vapor recovery technologies