Chevron has contracted Wood to deliver engineering design for its Anchor deepwater development in the Gulf of Mexico. “While over 80% of projects sanctioned in the last five years are shorter-cycle subsea tiebacks, standalone developments like Anchor are still able to compete for development capital. overview. In an unrelated project, Total and Norway’s Equinor said they are proceeding with engineering and design work on developing their North Platte field in the deepwater Gulf that also would include building a new floating production platform. The Anchor project will drill wells at 5,000 feet of depth with the capability of handing pressures of 20,000 pounds per square inch. Chevron Hits Go on Anchor Dec 12, 2019 US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024.The $5.7 billion deepwater project is the first ultra-high pressure development to reach a final investment decision (FID), Chevron said. “Anchor is the first of three 20,000 psi projects that Wood Mackenzie expects to reach FID within the next 18 months. “We’re doing this by standardizing equipment, utilizing fit-for-purpose surface facilities that require less capital and employing drill to fill strategies, 20-year subsea equipment and services master contract. Chevron is understood to have selected a preferred bidder to build the topsides of a new semi-submersible production platform to develop the Anchor discovery in the deep-water US Gulf of Mexico. Project: ADES, Admarine-100 – Mooring for FSO unit in the Gulf of Suez Summary: Catenary Anchor Leg Mooring (CALM) buoy system was originally proposed by Zentech for this application. The project is expected to come online in 2024. A career at Chevron is a career in creating the future of energy. Chevron Corp. estimates it will spend $20 billion in 2019 to support its upstream and downstream projects. Eric Haun is editor of Marine News. Something went wrong - please try again later. Chevron’s Anchor Next year may also mark a crucial point for the offshore industry, with Chevron’s Anchor project in Green Canyon Block 807 expected to move forward. We estimate that these three projects combined hold approximately 1 billion barrels of oil equivalent in reserves and will require over $10 billion of capital investments,”. “While over 80% of projects sanctioned in the last five years are shorter-cycle subsea tiebacks, standalone developments like Anchor are still able to compete for development capital,” Rostant said. © Energy Voice 2021. The Anchor green light, Chevron’s first greenfield FID as an operator since Big Foot and Jack/St Malo in 2010, “. “We’re doing this by standardizing equipment, utilizing fit-for-purpose surface facilities that require less capital and employing drill to fill strategies. US supermajor Chevron is understood to be wrapping up internal concept selection for a pair of potential developments in the deep-water US Gulf of Mexico, eyeing a semi-submersible design for both its Anchor discovery and the multi-field cluster known as Tigris. Kiewit has become a trusted partner with Saint Anthony Central Hospital, one of the largest acute care hospitals in the Denver area. Considerable interest surrounds the possible sanctioning by Chevron of its Anchor project in Block 807 of the Green Canyon Protraction Area. US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024. “This decision reinforces Chevron’s commitment to the deepwater asset class,” said Jay Johnson, Chevron’s executive vice president for upstream. Chevron owns nearly 63 percent of the Anchor project while Total holds just more than 37 percent. Kiewit Corporation Salaries trends. Project Gallery. The California energy major authorized the Gulf’s next big platform project while describing it as the first-ever, high-pressure development in the deepwater Gulf. Perdido spar moves into place 200 miles off the Texas coast [3.34 minutes] [Description] On 18 August 2008 the Shell-operated Perdido Regional Development Spar arrived in the ultra-deep waters of the Gulf of Mexico and is being secured to the seafloor in about 8,000 feet of water. PROJECT COMPLETIONS LIST ... Anchor Handling/Tow Vessel Complete HVAC EPIC Topaz Ship Building Abu Dhabi BP Caspian Sea Gupco Field Rehabilitation Enpi Zone 2 Unit Design/Supply Argonaut ... Chevron/KCA Deutag United States Chevron Angola enguela‐ elize Drilling/Production Platform Image courtesy of Shell. The project infrastructure covers an area nearly as wide as the state of Rhode Island. Earlier this week, Chevron listed the Gulf of Mexico as its third-highest funding priority heading into 2020 after West Texas’ booming Permian Basin and the big Tengiz oilfield in Kazakhstan. The client involved Kiewit early for constructability review, ensuring a seamless project. skip to main content. Toggle navigation. With an operating pressure of 20,000 psi, it would be the first ultrahigh-pressure project in the world to reach a final investment decision, … Chevron sanctioned the deepwater Anchor project last week, marking the industry’s first deepwater high-pressure development to achieve the FID. Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. South Korea's Daewoo Shipbuilding & Marine Engineering (DSME) will build the semi hull, and US-based Kiewit will build the topsides. In Europe’s richest petro-state, the top oil lobbyist is worried, Unlimited web access from just £12.50 per month. The field was first discovered in 1980, and is located offshore Newfoundland and Labrador (NL) in the Jeanne d'Arc Basin. US supermajor moving towards concept selection for two separate deep-water developments. Houston, Texas Area. Because of our track record of successfully delivering projects on time and on budget, we have been retained for several projects at the 109-year-old hospital. professionals. The total potentially recoverable oil-equivalent resources for Anchor are estimated to exceed 440 million barrels. back to … The Phase-I development cost $2.7bn to Chevron. Anchor co-owners are Cobalt International Energy, L.P. (20 percent), Samson Offshore Anchor, LLC (12.5 percent), and Venari Resources LLC (12.5 percent). 165 salaries for 92 jobs at Kiewit Corporation in Corpus Christi, TX Area. Zentech continues to deliver world-class engineering solutions, with a 40-year record of excellence. Wood is delivering a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. Project Quality Manager at Kiewit McAllen, Texas Area 307 connections. Rostant expects that Anchor, as the first 20,000 psi project to be sanctioned, will “kickstart the next wave of investments in US Gulf of Mexico.”. The $5.7 billion deepwater project is the first ultra-high pressure development to reach a … This article first appeared on the Houston Chronicle – an Energy Voice content partner. Industry had expected Chevron to take a final investment decision on Anchor this year, but Johnson said that is now slated for early next year. Crude oil production from the field began on 5 May 2009, with an estimated daily production of about 125,000 barrels of crude oil and 70 million ft³of natural gas by the end of 2009. Biden cancellation of Keystone XL Pipeline prompts TC Energy to slash 1,000 Jobs, UAE eager to build bridges to Biden admin, Fresh investment of £1.6m secured at Deep Casing Tools, Chevron awards Subsea 7 contract for Angola Sanha Lean platform, ‘We can win this’: Scottish firms urged to go for $100m CCS prize from Elon Musk, Dana hands KenzFigee five-year North Sea maintenance deal, Iran says it’s reviving oil output to pre-sanctions levels, Zennor goes ‘carbon neutral’ ahead of first gas from flagship North Sea field, Schlumberger reflects on ‘exceptional year’ of resilience after suffering losses of $11bn in 2020. Image courtesy of Shell. The Jack and St. Malo fields are about 25 mi (40 km) apart, and are around 280 mi (450 km) south of New Orleans in about 7,000 ft (2,100 m) of water, at its greatest depth. with Chevron in July, has a contract to provide engineering and qualification for subsea equipment on the field. Field (Project) Engineer /Inspector professionals. Design work for the Anchor project began in 2017, according to World Energy Reports. shows that the US Gulf of Mexico still offers attractive investment opportunities for large greenfield developments. The $5.7 billion deepwater project is the first ultra-high pressure development to reach a final investment decision (FID), Chevron said. “Anchor is the first of three 20,000 psi projects that Wood Mackenzie expects to reach FID within the next 18 months. Overall, BIM provides an effective way for Kiewit to gain insight into the projects from a constructability and scheduling standpoint. Chevron’s Big Foot tension leg platform (TLP) was one such project—beset with challenge after challenge, Chevron ‘s significant investment in the Big Foot field, located nearly 40 miles south of New Orleans, is an even greater success for having overcome these installation challenges. Chevron, through its subsidiary Chevron U.S.A. Inc., is operator and holds a 62.86 percent working interest in the Anchor project. May 2016 – Present 4 years 5 months. KBR was awarded the FEED contract for the semi hull, and Wood was awarded FEED contracts for the topside and subsea scopes. programs & details. The Anchor field, located on Green Canyon block 807, about 225 kilometers off the coast of Louisiana, sits in approximately 1,524 meters water depth and is believed to hold more than 440 million barrels of potentially recoverable oil-equivalent resources. Some have to overcome several. The first stage of the Anchor development consists of building a semi-submersible floating production platform and drilling a seven wells. US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024. Covering the latest oil and gas news including shale, lng, drilling, exploration and production. A career at Chevron is a career in creating the future of energy. The Anchor green light, Chevron’s first greenfield FID as an operator since Big Foot and Jack/St Malo in 2010, “shows that the US Gulf of Mexico still offers attractive investment opportunities for large greenfield developments,” said Justin Rostant, an analyst with Wood Mackenzie’s Gulf of Mexico team. ... Chevron Anchor Piles and BP Mad Dog 2 Topsides Quality Manager. The Perdido oil and gas project commenced production in 2010. View a representative list of Zentech’s recent projects below. The Jack field lies in Walker Ridge blocks 758 and 759 at a water depth of 7,000 ft (2,134 m). The St. Malo field lies in Walker Ridge block 678 at a water depth of 2,100 ft (640 … Join to Connect. Kiewit Offshore Services performed fabrication, lift and set, and integration of 10,400 ton topsides. Operator Chevron, which holds a 62.86% stake in the Anchor project, will develop the first phase as a seven-well subsea development tied to a semisubmersible floating production unit (FPU) with planned design capacity of 75,000 barrels of crude oil and 28 million cubic feet of natural gas per day. After Major Project Delays, Success. the permian basin. Industry produces ultra-deepwater wells typically at a limit of 15,000 pounds per square inch (psi) of pressure, but Anchor and a few other US Gulf discoveries are at the 20,000 psi level. Chevron and its minority partner on the project, the French energy major Total, said they have reduced the project costs by one-third from the last generation of deepwater Gulf developments by using standardization techniques and more to replicate existing designs and equipment requirements. Chevron Corporation is one of the world’s leading integrated energy companies. “[The Anchor FID] reinforces Chevron’s commitment to the deepwater asset class,” said Jay Johnson, executive vice president, Upstream, Chevron Corporation. Chevron will move forward with the massive Anchor project in the deepwater Gulf of Mexico that carries an initial development cost of $5.7 billion. It's also seen the first contract award for technology capable of handling pressures of 20,000 pounds per square inch (psi), according to Schlumberger, which has been awarded a contract on the project. Steve Green, president of Chevron North America Exploration and Production, said. The field is operated by Chevron, which owns a 58% working interest, on behalf of Statoil (25%) and Total(17%). “For new projects in the Gulf of Mexico, we have reduced development costs by nearly a third, compared to our last generation of greenfield deepwater investments. For more from the Houston Chronicle click here. Every project starts with challenge. “We expect to continue creating value for shareholders by delivering standalone development projects and subsea tiebacks at a competitive cost.”, Steve Green, president of Chevron North America Exploration and Production, said, “For new projects in the Gulf of Mexico, we have reduced development costs by nearly a third, compared to our last generation of greenfield deepwater investments.”. Daewoo Shipbuilding & Marine Engineering (DSME) was chosen to build the hull while Kiewit Offshore was chosen to build and integrate the topsides. Chevron Corp.’s Tigris and Anchor platforms will operate in 4,000-5,000 ft of water about 140 miles offshore Louisiana in the Gulf of Mexico. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The equipment failure plaguing Chevron's massive Big Foot project is an unusual fate for a system used for years to latch massive oil and gas production platforms to the seafloor. The Anchor field is located 140 miles off the coast of Louisiana in the Green Canyon area of the Gulf. Partner Total holds the remaining 37.14% working interest. The second stage of this project continues Chevron’s commitment to Angola. Founded in 2001, Kiewit Offshore Services, a subsidiary of Kiewit Corporation, was created to pursue opportunities within the offshore fabrication market. Project Manager - Anchor Chevron. US supermajor Chevron has awarded a contract for its Tigris and Anchor developments in the Gulf of Mexico. The Anchor field is located in the Green Canyon area, approximately 140 miles (225 km) off the coast of Louisiana, in water depths of approximately 5,000 feet. Angola LNG. Chevron subsidiary Chevron U.S.A. Inc. is the operator of the Anchor Prospect, with a 55 percent working interest. 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