Ballymore (MC607) - Chevron

Profile for Ballymore (MC607) - Chevron Oil and Gas Project

Location

• The Ballymore (MC607) project is located in the Mississippi Canyon protraction area of the U.S. Gulf of Mexico, approximately 3 miles northeast of Chevron's Blind Faith production platform.
• The exact coordinates are 28.366, -88.241 (WGS 84).

Water Depth and Geology

• The project is situated in water depths of approximately 6,537 feet (1,993 meters).
• The discovery is part of the Jurassic Norphlet trend, known for significant oil and gas reserves.

Discovery and Development

• The Ballymore prospect was discovered in December 2017 by Chevron and TotalEnergies. The initial well reached a total measured depth of 29,194 feet and encountered more than 670 feet of net oil pay with excellent reservoir and fluid characteristics.
• The project was sanctioned by Chevron in May 2022, with a Final Investment Decision (FID) made at that time.

Ownership and Operation

• Chevron U.S.A. Inc. is the operator of the project, holding a 60% working interest. TotalEnergies E&P USA, Inc. holds the remaining 40% interest.

Production and Reserves

• The project is expected to produce up to 75,000 barrels of crude oil per day, with potentially recoverable oil-equivalent resources estimated at more than 150 million barrels.
• The reserves have been classified as follows:
  • 150 million boe (barrels of oil equivalent) as of 2022.
  • 357 million boe as of 2023.

Development Details

• The project involves a three-mile subsea tieback to the existing Chevron-operated Blind Faith platform. This approach is designed to lower development costs by leveraging existing infrastructure and using standardized equipment and repeatable engineering solutions.
• The development includes three production wells tied back via one flowline to the Blind Faith facility.

Investment and Timeline

• The project requires an investment of approximately $1.6 billion.
• First oil is expected in 2025, with production design capacity of 27.38 million barrels per year.

Infrastructure and Operations

• Key infrastructure includes the installation of new modules on the Blind Faith facility, such as a vapor recovery unit and a utility electrical building, which are critical for the project’s success.
• Oil and natural gas production will be transported via existing infrastructure.

Environmental and Carbon Intensity

• The U.S. Gulf of Mexico production, including Ballymore, has some of the lowest carbon intensity in Chevron’s portfolio, around 6 kg CO2 equivalent per barrel of oil equivalent, significantly lower than the global industry average.

Project Status

• As of 2024, the project is in the development phase, with significant progress made, including the installation of critical modules on the Blind Faith facility.