TotalEnergies has officially commenced production from its deepwater Ballymore field, situated 120 kilometers off the Louisiana coast, the company announced in a press statement. The field, which was initially launched in May 2022, is a joint venture where TotalEnergies holds a 40% stake, with Chevron operating the field with a 60% interest.
The Ballymore field boasts a total daily gross production capacity of 75,000 barrels of oil and 50 million cubic feet of natural gas. The production is tied back to Chevron’s Blind Faith floating production unit. At peak capacity, the field is expected to deliver around 30,000 barrels of oil equivalent per day (boe/d) in net cash-accretive production for TotalEnergies.
“This start-up will significantly boost TotalEnergies’ deepwater production capacity in the U.S. to over 75,000 boe/d and support our goal of achieving a hydrocarbon production growth of more than 3% by 2025,” said Nicolas Terraz, President of Exploration & Production at TotalEnergies.
By utilizing existing infrastructure and standardized equipment, the project has managed to keep development costs and emission intensity low. This approach is in line with TotalEnergies’ broader U.S. strategy, which Terraz described as “a key market for deploying our integrated energy model that combines low-breakeven, low-emission oil and gas projects with LNG and integrated power developments.”
TotalEnergies, a global energy giant, continues to focus on producing and marketing a wide range of energy products, including oil, biofuels, natural gas, biogas, low-carbon hydrogen, renewables, and electricity. With a workforce of over 100,000 employees across approximately 120 countries, the company is committed to providing reliable, affordable, and sustainable energy to people worldwide, while maintaining sustainability at the core of its operations.