Field/project development

Chevron Signs Wood To Deliver Engineering Design for Anchor Deepwater Project

Wood will provide the FEED and design for the offshore project. First oil is anticipated in 2024.

Map showing Chevron projects in Gulf of Mexico
Chevron

Energy services provider Wood said this week it is delivering a multimillion-dollar engineering design project for Chevron’s Anchor deepwater development in the Gulf of Mexico. The project will be led by Wood’s engineering teams in Houston, with the contract awarded under an existing 10-year master services agreement with Chevron.

Wood added that the scope of the project included the preliminary, front-end engineering and design (Pre-FEED), FEED, and entails detailed design of Anchor, a wet-tree development that will employ a semisubmersible floating production unit (semi-FPU). Wood will deliver a fully integrated design for the topsides and subsea system, incorporating risers, production flowlines, export pipelines, and flow assurance analysis.

Chevron sanctioned the Anchor project in December 2019, making it the industry’s first deepwater high-pressure development to achieve a final investment decision. The Anchor discovery is in Block 807 of the Green Canyon Protraction Area, located approximately 225 km off the coast of Louisiana in more than 1,500 m of water.

With an operating pressure of 20,000 psi, it’s also one of the first ultrahigh-pressure projects in the world. The semi-FPU has a production capacity of 75,000 B/D of oil and 28 MMcf/D of gas, with the potential for future expansion.

Chevron said the initial development of the project will require an investment of approximately $5.7 billion with first oil anticipated in 2024.