Anchor is a conventional oil development located in ultra-deepwater in the US and is operated by Chevron USA. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Anchor was discovered in 2015, lies in block Green Canyon 807, with water depth of around 5,183 feet. Buy the profile here.

Smarter leaders trust GlobalData


Premium Insights Anchor  Upstream Project , United States

Buy the Profile

Premium Insights

The gold standard of business intelligence.

Find out more

The project is currently in commissioning stage and is expected to start commercial production in 2024. Final investment decision (FID) of the project was approved in 2019. The development cost is expected to be $5,700 m. The Anchor conventional oil development will involve the drilling of approximately seven wells and includes FPU and subsea trees.

Field participation details

The field is owned by Chevron and TotalEnergies.

Production from Anchor

Production from the Anchor conventional oil development project is expected to begin in 2024 and is forecast to peak in 2027, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2053.

Contractors involved in the Anchor conventional oil field

Some of the key contractors involved in the Anchor project as follows.

Design/FEED Engineering: John Wood Group

Main EPC: Schlumberger and Subsea 7

EPC Contractors: Hanwha

Other Contractors: Aker Solutions, Oceaneering International, Subsea 7, Keppel and Oliver Valves

About Chevron USA

Chevron USA Inc (Chevron) is a Subsidiary of Chevron Corp, is an integrated energy company that explores, extracts, and produces crude oil, natural gas, and natural gas liquids. The company also refines, markets, and distributes products derived from petroleum (diesel, gas, motor oil, fuel and lubricant additives). Chevron is headquartered in San Roman, California, US.

For more details on the Anchor Conventional Oil Field, buy the profile here.

This content was updated on 13 November 2023

Premium Insights


The gold standard of business intelligence.

Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.


GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.