Chevron Begins Oil Production In Blind Faith Field In Gulf of Mexico - Update

Monday, Nov 17, 2008

Oil major Chevron Corp. Wednesday said it has commenced crude oil production in its deepest offshore production facility, Blind Faith Field, in the deepwater Gulf of Mexico.

First oil from Blind Faith was achieved on Nov. 11. The company expects daily production from the field up to about 65,000 barrels of crude oil and 55 million cubic feet of natural gas over the next three months.

Blind Faith is located in 6,500 feet of water, and with subsea systems located in 7,000 feet of water in Mississippi Canyon blocks 695 and 696. Blind Faith utilizes a deep-draft semisubmersible hull located about 160 miles southeast of New Orleans, on Mississippi Canyon block 650.

The Blind Faith discovery well was drilled in June 2001 and encountered more than 200 feet of net pay in Miocene sands at depths of 20,900 feet to 24,300 feet.

The field has an estimated gross resource potential exceeding 100 million barrels of oil-equivalent. Chevron holds a 75% working interest in Blind Faith and is the operator, while Anadarko Petroleum Corp. (APC) holds the remaining 25% working interest.