Chevron Corporation confirmed an oil discovery at the Bandit prospect in the Gulf of America, as announced by operator Occidental. The exploration well is located in Green Canyon Block 680, about 125 miles south of the Louisiana coast. The well encountered high-quality, full-to-base oil-bearing Miocene sands.
The co-owners are currently evaluating results to determine next steps. The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area. Bandit is operated by Occidental, which holds a 45.375% working interest, and is co-owned by Chevron subsidiary Chevron U.S.A. Inc. (37.125% working interest) and Woodside Energy (Deepwater) Inc. (17.5% working interest).
Chevron is the largest leaseholder and a leading producer in the Gulf of America, with a portfolio that includes operated and non-operated assets. Discoveries like Bandit build on Chevron?s deepwater expertise.
