Chevron’s $4bn Big Foot project in US Gulf of Mexico enters into production
Oil and gas industry news : Chevron and its partners have started production from the $4bn Big Foot project – a deepwater oil and gas project in the US Gulf of Mexico.
The crude oil and natural gas production from the Big Foot field comes about 12 years after its discovery through the drilling of the Big Foot No. 2 well by the Cajun Express semi-submersible rig. In 2006, the Big Foot No. 2 well was drilled to 1,524 meters in depth when it had encountered over 91m of net oil pay.
Big Foot Project
The Big Foot project is contained in the Walker Ridge Block 29 and is located about 360km south of New Orleans in Louisiana. The deepwater oil and gas project, which is estimated to be in production for 35 years, aims to unlock more than 200 million oil-equivalent barrels from the Big Foot field contained in 5,200 feet or so of water.
Production at the US Gulf of Mexico oil and gas field is being executed by a 15-slot drilling and production tension-leg platform. The Big Foot tension leg platform is capable of producing 75,000 barrels of oil to go along with 25 million cubic feet of natural gas per day.
The production platform of the Big Foot project is equipped with a full-capacity drilling rig to undertake future development well drilling and interventions.
Commenting on the first production from the Big Foot project, Jeff Shellebarger – President of Chevron North America Exploration and Production, said: “The Big Foot project strengthens Chevron’s deepwater portfolio and further demonstrates that the Gulf of Mexico is an integral part of our diverse global portfolio and long-term strategy.
“The project advances our interest in safely providing reliable, affordable energy to meet a growing global demand.”
Through its subsidiary Chevron U.S.A, Chevron operates the Big Foot field with 60% stake. The US oil and gas company’s partners are Equinor Gulf of Mexico, which has a 27.5% stake and Marubeni Oil & Gas (USA), which has a stake of 12.5% in the Big Foot project.