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Devon Energy and BP Enter Into $7.0B Property Sales Agreement and Oil Sands Joint Venture

Green Car Congress

Devon Energy Corporation has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP for $7.0 Devon and BP will also form a heavy oil joint venture to develop BP’s Kirby oil sands leases in Alberta, Canada. billion in cash.

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Chevron announces “significant” oil discovery in deepwater Gulf of Mexico

Green Car Congress

Chevron Corporation announced a significant oil discovery at the Anchor prospect in the deepwater US Gulf of Mexico. 2 encountered oil pay in multiple Lower Tertiary Wilcox Sands. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. Anchor co-owners are Cobalt International Energy, Inc.

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Chevron announces successful test well at deepwater St. Malo in Gulf of Mexico

Green Car Congress

Chevron Corporation announced that it had conducted a successful production test on the St. Malo PS003 well in the prolific Lower Tertiary trend in the deepwater Gulf of Mexico. Oil flow rates, though limited by testing equipment constraints, exceeded 13,000 barrels of oil per day. Chevron’s Jack/St. billion.

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Chevron announces oil discovery in deepwater US Gulf of Mexico

Green Car Congress

Chevron Corporation announced a new oil discovery at the Moccasin prospect in the deepwater US Gulf of Mexico. 1 encountered more than 380 feet of net pay in the Lower Tertiary Wilcox Sands. Chevron is one of the largest leaseholders in the Gulf of Mexico and is currently developing the $7.5 billion Jack/St.

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Chevron sanctions $4B Big Foot Project in the deepwater Gulf of Mexico

Green Car Congress

Chevron Corporation has sanctioned development of its $4-billion Big Foot project in the deepwater US Gulf of Mexico. Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m).

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

Green Car Congress

BP announced today the drilling of a successful appraisal well in a previously untested northern segment of the Mad Dog field in the deepwater US Gulf of Mexico. The well encountered about 166 net feet (50 meters) of hydrocarbons in the objective Miocene hydrocarbon-bearing sands and discovered an oil column of more than 300 feet (91 meters).

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Anadarko Shenandoah appraisal well in deepwater GOM encounters more than 1,000 net feet of oil pay; one of Anadarko’s largest discoveries in Gulf

Green Car Congress

Anadarko Petroleum Corporation announced that its Shenandoah-2 well in the deepwater Gulf of Mexico encountered more than 1,000 net feet of oil pay in multiple high-quality Lower Tertiary-aged reservoirs. Other co-owners in Shenandoah are ConocoPhillips with a 30% working interest,;Cobalt International Energy L.P.

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