TotalEnergies: develops oil field in US
(CercleFinance.com) - TotalEnergies announces the approval of the development of the Ballymore oil field, located in the Gulf of Mexico, offshore Louisiana.
TotalEnergies holds a 40% interest in the field while Chevron USA Inc, a subsidiary of Chevron Corporation, holds the lion's share of 60%, as operator.
Production is scheduled to begin in 2025 with a capacity of 75,000 barrels of oil per day.
The company says that by using existing infrastructure, the project will have low development costs and low greenhouse gas emission intensity.
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