EnergyWatch

Chevron and Total invest billions in tough oil field

The oil majors have made their final investment decision on deepwater field Anchor in the Gulf of Mexico. Total pursues another, similar, discovery.

Photo: Ben Margot/AP/Ritzau Scanpix

In the Gulf of Mexico, off Louisiana, Chevron and Total keep working on the Anchor field. The two oil majors have made their final investment decision (FID) on the field, they said on Thursday.

This is the first time within the industry that an FID is made on a deepwater high-pressure field.

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