Chevron
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The deal, first announced in May, gives the Delek subsidiary 10 additional producing field interests in the UK North Sea, boosting its 2019 production by 300%. -
The funding from Chevron Technology Ventures and Energy Innovation Capital will help scale Ingu’s data collection platform and analysis for its Pipers technology, a pipeline screening tool launched last year.
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Chevron has seen great results from its implementation of learning teams, says Dave Payne, the company’s vice president of health, environment, and safety.
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The US major has had a stake in the field since it started production in 1997. It produced 584,000 B/D of oil last year.
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The round included a near-$1 billion signature bonus on a Campos Basin block awarded to a Total-led consortium.
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The energy major said it plans to reduce emission intensity by 5–10% for upstream oil production and by 2–5% for upstream gas.
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The project aims to contribute an estimated ultimate recovery of more than 175 MMboe from one of the company’s signature deepwater projects in the US Gulf of Mexico.
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The combination of digital technologies will enable Chevron—and, eventually, other companies—to process, visualize, interpret, and glean insights from multiple data sources, the companies said.
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Australia’s BHP Billiton and the recently acquired Anadarko Petroleum submitted the largest dollar totals of high bids in US Gulf of Mexico Lease Sale 253.
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It is “one of the world’s largest greenhouse gas mitigation projects ever undertaken by industry,” Chevron said in a news release.
