Remember this! December 2010. Chevron Sanctions Big Foot Project in the Deepwater Gulf of Mexico

Chevron Corporation announced it has sanctioned development of its $4 billion Big Foot project in the deepwater U.S. Gulf of Mexico. “Sanctioning Big Foot underscores our commitment to the Gulf of Mexico and will contribute to future U.S. energy supply,” said George Kirkland, vice chairman, Chevron Corporation. “This project is another example of Chevron’s disciplined approach to advancing our enviable queue of major capital projects.”

Big Foot will be Chevron’s sixth operated facility in the deepwater Gulf of Mexico and located approximately 225 miles (360 km) south of New Orleans, Louisiana, in water depths of 5,200 feet (1,600 m). The development will utilize a dry tree Extended Tension Leg Platform with an on-board drilling rig and have production capacity of 75,000 barrels of oil and 25 million cubic feet of natural gas per day. First oil is anticipated in 2014.

Source: Solar Thermal Magazine