Williams in Anchor Gas Transportation Services Agreement with Chevron, Total
May 07 2020 - 9:53AM
Dow Jones News
By Michael Dabaie
Williams Cos. said it is in an agreement with Chevron Corp. and
Total E&P USA Inc. to provide offshore natural gas
transportation services to the Anchor development.
Anchor is located 140 miles off the coast of Louisiana in the
Green Canyon area of the Gulf of Mexico.
Williams said Chevron plans to drill multiple wells and
construct a floating production platform capable of handling the
new rich natural gas and oil production from the Anchor
development.
Williams will transport Anchor's natural gas production to the
Discovery system, of which Williams is 60% owner and operator. The
new rich natural gas will be transported to Discovery's processing
plant in Larose, La., and the natural gas liquids will be
fractionated and marketed at Discovery's Paradis plant in
Louisiana.
Anchor is expected to come online in the first half of 2024,
Williams said.
Chevron in December said it sanctioned the Anchor project in the
U.S. Gulf of Mexico. Chevron said it holds a 62.86% working
interest in the Anchor project and Total E&P USA holds 37.14%
working interest.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
May 07, 2020 09:38 ET (13:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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