EnergyWatch

Chevron and Total make large oil discovery

The oil companies announce a new discovery in the Gulf of Mexico. The drilling of a new sidetrack well has been initiated to confirm the potential.

Photo: Chevron

Two of the world's largest oil companies expect to increase production. Chevron and Total announce a "major oil discovery" in the Ballymore prospect in the US part of the Gulf of Mexico.

"This discovery is an important addition to our portfolio, especially with its combination of size, quality and proximity to existing infrastructure," says Jeff Shellebarger, President of Chevron North America Exploration and Production in a press release.

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