SAN RAMON (dpa-AFX) - Chevron Corp. (CVX) announced a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located around 180 miles off the Louisiana coast in 3,992 feet of water and was drilled to a depth of 30,173 feet.
'The Guadalupe discovery adds momentum to our growing business in North America,' said Jay Johnson, senior vice president, Upstream, Chevron Corporation. 'Our deepwater exploration and appraisal program continues to unlock important resources in the Gulf of Mexico,' he added.
Chevron subsidiary Chevron U.S.A., Inc. began drilling the Guadalupe well in June 2014.
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