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Economy

Energy Dominance: Chevron Begins Key Oil Project in Gulf of America

2025-04-23

[BREITBART] Chevron on Monday announced a massive project, kicking off oil and natural gas production from the Ballymore subsea tieback in the Gulf of America, which is expected to produce upwards of 75,000 gross barrels of oil daily — another major move towards energy independence and dominance for the United States of America.

Ballymore — located in the Mississippi Canyon area — has been described as a ''subsea tieback,'' meaning the discovery can be leveraged by an existing platform, using three wells tied to the already-standing Chevron-operated Blind Faith facility.

A fact sheet provided to Breitbart News notes that this is far more efficient, as the project leverages ''standardized equipment, repeatable engineering solutions, and existing transportation infrastructure.''

Along with the reality that Chevron strives to maintain ''one of the lowest carbon intensity oil and natural gas basins in the world,'' this will help Chevron with its goal of producing 300,000 net barrels of oil per day in the Gulf of America alone by 2026. If achieved, this would be a 50 percent increase from 2024 and position the country for one of its prime goals of reaching energy dominance in a growing and more demanding world.

As it stands, oil from the Gulf of America accounts for one out of every six barrels of domestic oil production. They estimate that Ballymore will be able to recover 150 million barrels of oil equivalent gross over the span of the project.

Posted by:Fred

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