US EditionDeepwater production in the United States is more profitable than shale projects
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Deepwater production in the United States is more profitable than shale projects
In the spring, Chevron began developing oil and natural gas at the Ballymore deepwater field in the Gulf of America. This is just one of a series of projects in a key American oil and gas province aimed at producing an additional 300,000 barrels of oil equivalent per day by 2026. The three wells drilled at Ballymore will bring Chevron up to 75,000 barrels of oil per day. The recoverable reserves of the field are estimated at 150 million barrels …
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