TotalEnergies has announced the start of production from the Anchor field, located 225 km offshore Louisiana in the US Gulf of Mexico.

The Anchor field, developed in December 2019, is a partnership between TotalEnergies holding 37.14% interest and Chevron holding the remaining 62.86% interest as an operator.

The field consists of a system of subsea wells connected to a semi-submersible floating production unit (FPU) with a production capacity of 75,000 barrels per day (bbl/d) of oil and 28 million cubic feet per day (mcf/d) of gas.

At plateau, Anchor is expected to reach production of to 30,000 barrels of oil equivalent per day (boe/d) net for TotalEnergies.

Notably, the Anchor FPU has been designed to minimize greenhouse gas emissions through an all-electric configuration, with electric motors and electronic controls, in addition of the utilization of waste heat and vapor recovery technologies.

“The start-up of Anchor is a new milestone in the deployment of TotalEnergies’ integrated energy model in the US, combining the development of oil projects with a high leverage to price and a low emissions intensity and growth in Integrated LNG and Integrated Power,” said Nicolas Terraz, President, Exploration & Production at TotalEnergies.

“Delivered safely, on time and within budget, this project will contribute to the company’s free cash flow growth trajectory” Terraz added.