Chevron announces the successful appraisal of the Anchor Discovery in the Deepwater Gulf of Mexico

Chevron Corp. has announced the successful appraisal of the Anchor discovery in the Lower Tertiary Wilcox Trend.

“The positive results of our appraisal work at Anchor indicate a significant discovery of potentially hub class scale,” said Jay Johnson, Executive Vice President Upstream, Chevron Corp.

The original Anchor discovery well, located in Green Canyon Block 807, approximately 140 miles (225 km) off the coast of Louisiana in 5180 ft of water (1579 m), was drilled in late 2014 to a depth of 33 750 feet (10 287 m) and it encountered 690 ft (210 m) of net oil pay.

Appraisal drilling began in June 2015 and recently found 694 feet (211 m) of net oil pay. To date, Chevron has confirmed a hydrocarbon column of at least 1800 ft (549 m) in the Lower Tertiary Wilcox reservoirs at Anchor. Complete appraisal of the field will require further delineation wells and technical studies.“After the success of the discovery well announced earlier this year, we have pursued appraisal work to further evaluate the results and assess development alternatives to optimize value creation,” Jeff Shellebarger, President, Chevron North America Exploration and Production Company added.Chevron subsidiary Chevron US Inc. is the operator of the Anchor Prospect, with a 55% working interest. Anchor co-owners are Cobalt International Energy LP (20%), Samson Offshore Anchor, LLC (12.5%), and Venari Resources LLC (12.5%).

Edited from press release by Angharad Lock

Read the article online at: https://www.oilfieldtechnology.com/exploration/29102015/chevron-announces-the-successful-appraisal-of-the-anchor-discovery-1498/