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Chevron: Oil, gas flowing at mile-deep field off New Orleans

10 months 3 weeks 2 days ago Monday, November 26 2018 Nov 26, 2018 November 26, 2018 12:31 PM November 26, 2018 in News
Source: Associated Press

NEW ORLEANS (AP) - Chevron Corp. says it's getting oil and natural gas via a floating platform tethered in nearly a mile of water off of New Orleans.

The company says the tension-leg drilling and production platform is in the deepest water of any such facility. The well is in the Big Foot field about 225 miles south of New Orleans. Chevron estimates it can get the equivalent of more than 8.4 billion gallons of oil from the field over 35 years.

The platform is designed to extract up to 3.1 million gallons of oil and 25 million cubic feet of natural gas a day. Chevron owns 60 percent of the operation and Norwegian and Japanese energy companies own the rest.

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