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
US NatGas Flows to Freeport LNG in Texas Seen at Five-month High, LSEG Data Shows
2024-05-17 - The startup and shutdown of Freeport and other U.S. LNG export plants often has a major impact on global gas prices.
Canada’s Pembina Pipeline in No Rush to Invest in TMX
2024-05-14 - The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
LM Energy to Expand Gas Gathering System in the Delaware
2024-05-13 - LM Energy is building new compressor stations and adding 70 miles of pipeline in the Delaware Basin.
ONEOK to Expand NGL Network Around Houston Through $280MM Acquisition
2024-05-13 - Easton Energy is agreeing to sell 450 miles of lines along Southeast Texas coast to ONEOK.
Enbridge Plans to Increase Permian Oil Pipeline’s Capacity
2024-05-10 - Midstream company Enbridge announced an open season on the Gray Oak Pipeline for a proposed 120,000 bbl/d expansion and updated its M&A efforts.