Chevron Orders Anchor Hull from South Korea’s DSME

U.S. oil major Chevron has awarded a contract to build a hull for the Anchor project in the U.S. Gulf of Mexico to South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME).

DSME will build the hull for the semi-submersible floating production unit for Chevron’s Anchor project. The contract award meant the end of a five-year drought in offshore platform orders for the yard.

Chevron sanctioned the deepwater Anchor project last week, marking the industry’s first deepwater high-pressure development to achieve the FID.

The Anchor field is located in the Green Canyon area, approximately 140 miles (225 km) off the coast of Louisiana, in water depths of approximately 5,000 feet.

It will be developed with seven subsea wells connected to a semi-submersible floating production unit (FPU) with a capacity of 75,000 barrels of crude oil and 28 million cubic feet of gas per day. The first oil is expected in 2024.

The initial development of the project will require an investment of approximately $5.7 billion. The total potentially recoverable oil-equivalent resources for Anchor are estimated to exceed 440 million barrels.

The project will include the delivery of a new technology, which is capable of handling pressures of 20,000 psi.

Chevron ordered a subsea production and multiphase boosting system for the Anchor field from Schlumberger’s OneSubsea, which will supply vertical monobore production trees and multiphase flowmeters rated up to 20,000 psi.

Chevron is the operator of the Anchor discovery with a 62.86% interest and Total is its partner with a working interest of 37.14%


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