Chevron Announces Start of Production at Big Foot Project in U.S. Gulf of Mexico

Oil major Chevron (NYSE:CVX) has announced the start of crude oil and natural gas production from the Chevron-operated Big Foot deepwater project in the U.S. Gulf of Mexico. The field is located approximately 225 miles (360 km) south of New Orleans, La., in a water depth of approximately 5,200 feet (1,584 m.). The Big Foot field was discovered in 2006 and is estimated to … [Read more...]