TotalEnergies Announces First Oil from Anchor Field in Gulf of Mexico

TotalEnergies has announced the start of production from the Anchor field, located 225 km offshore Louisiana in the US Gulf of Mexico.

The Anchor field, developed in December 2019, is a partnership between TotalEnergies holding 37.14% interest and Chevron holding the remaining 62.86% interest as an operator.

The field consists of a system of subsea wells connected to a semi-submersible floating production unit (FPU) with a production capacity of 75,000 barrels per day (bbl/d) of oil and 28 million cubic feet per day (mcf/d) of gas.

At plateau, Anchor is expected to reach production of to 30,000 barrels of oil equivalent per day (boe/d) net for TotalEnergies.

Notably, the Anchor FPU has been designed to minimize greenhouse gas emissions through an all-electric configuration, with electric motors and electronic controls, in addition of the utilization of waste heat and vapor recovery technologies.

“The start-up of Anchor is a new milestone in the deployment of TotalEnergies’ integrated energy model in the US, combining the development of oil projects with a high leverage to price and a low emissions intensity and growth in Integrated LNG and Integrated Power,” said Nicolas Terraz, President, Exploration & Production at TotalEnergies.

“Delivered safely, on time and within budget, this project will contribute to the company’s free cash flow growth trajectory” Terraz added.

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