Page 14: of Offshore Engineer Magazine (May/Jun 2025)

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MARKETS EXPLORATION © Chevron

Chevron’s 20K Anchor Of to Strong Start with Top

Tier Well Performance

Chevron’s Anchor project achieved frst oil in August 2024 from two wells, marking the frst development in the Inboard Lower Tertiary and initiating the deepwater 20,000 psi (20k) era. Despite reservoir uncertainty, early results are promising as AP001 delivered approximately 15,500 bbl/d and AP002 aound 18,500 bbl/d. Eleven wells are planned in total, with current performance indicating strong development potential, with arly well results demonstrating outperformance.

By Milan Patel, Analyst, North America Upstream Research, Welligence Energy Analytics 14 OFFSHORE ENGINEER OEDIGITAL.COM