TOTALENERGIES SE: USA: TotalEnergies Announces the Sanction of the Ballymore Development in the U.S. Gulf of Mexico
17 Mai 2022 - 2:35PM
UK Regulatory
TIDMTTE
TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), through its
affiliate TotalEnergies E&P USA, Inc., announces the sanction
of the Ballymore development, located 120 kilometers off the coast
of Louisiana in the U.S. Gulf of Mexico.
TotalEnergies holds a working interest of 40% in Ballymore.
Co-owner Chevron U.S.A. Inc., a subsidiary of Chevron Corporation,
holds a 60% working interest as operator.
The Ballymore field will be developed through 3 production
wells, tied back to the Chevron-operated Blind Faith Floating
Production Unit. First Oil is expected in 2025 with a capacity of
75,000 barrels of oil per day. By utilizing existing
infrastructure, the project ensures the lowest development costs
and lower emission intensity.
"Sanctioning the Ballymore field development, only four years
after the discovery, is the result of our exploration efforts in
the Gulf of Mexico, said David Mendelson, Senior Vice President
Americas of TotalEnergies Exploration & Production. Thanks to
its tie-back development concept, this decision fits TotalEnergies'
strategy of focusing on oil projects with low breakeven and low
emissions."
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About TotalEnergies
TotalEnergies is a global multi-energy company that produces and
markets energies: oil and biofuels, natural gas and green gases,
renewables and electricity. Our 100,000 employees are committed to
energy that is ever more affordable, cleaner, more reliable and
accessible to as many people as possible. Active in more than 130
countries, TotalEnergies puts sustainable development in all its
dimensions at the heart of its projects and operations to
contribute to the well-being of people.
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TotalEnergies Contacts
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SOURCE: TotalEnergies SE
Copyright Business Wire 2022
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