MEXICO — TotalEnergies has announced the successful start of production at the Anchor field in the US Gulf of Mexico.
The company holds a 37.14 per cent stake in the project, with Chevron serving as the operator with a 62.86 per cent interest.
The Anchor field, situated 225 kilometres off the Louisiana coast, began development in December 2019.
The project features an advanced system of subsea wells connected to a semi-submersible floating production unit (FPU).
Key specifications include:
- Production capacity: 75,000 barrels of oil and 28 million cubic feet of gas per day
- Expected net production for TotalEnergies: Approximately 30,000 barrels of oil equivalent per day (boe/d) at peak production
The Anchor FPU has been designed with a focus on minimising greenhouse gas emissions.
It incorporates an all-electric configuration, electric motors and electronic controls, and waste heat and vapour recovery technologies
Nicolas Terraz, President of Exploration & Production at TotalEnergies, emphasised the significance of this milestone, stating: “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.”
Terraz also highlighted that the project was delivered safely, on time, and within budget.
He noted that Anchor is expected to contribute to the company’s free cash flow growth trajectory.
This development marks a significant step in TotalEnergies’ expansion in the US energy market, showcasing its commitment to balancing oil production with environmental considerations and diversified energy solutions.
