The field is located about 225 mi (360 km) south of New Orleans, in a water depth of about 5,200 ft (1,584 m).
Discovered in 2006, the Big Foot field is estimated to contain total recoverable resources of more than 200 MMboe and has a projected production life of 35 years.
The project uses a 15-slot drilling and productiontension-leg platform, said to be the deepest of its kind in the world, and is designed for a capacity of 75,000 b/d of oil and 25 MMcf/d of natural gas.
“The Big Foot project strengthens Chevron’s deepwater portfolio and further demonstrates that the Gulf of Mexico is an integral part of our diverse global portfolio and long-term strategy,” said Jeff Shellebarger, president of Chevron North America Exploration and Production. “The project advances our interest in safely providing reliable, affordable energy to meet a growing global demand.”
Chevron’s subsidiary, Chevron U.S.A. Inc., is the operator of Big Foot with a 60% working interest. Co-owners are Equinor Gulf of Mexico LLC (27.5%) and Marubeni Oil & Gas (USA) LLC (12.5%).