Chevron Corporation announced the successful appraisal of the Anchor discovery in the Lower Tertiary Wilcox Trend.

'The positive results of our appraisal work at Anchor indicate a significant discovery of potentially hub class scale,' said Jay Johnson, executive vice president Upstream, Chevron Corporation.

The original Anchor discovery well, located in Green Canyon Block 807, approximately 140 miles (225 km) off the coast of Louisiana in 5,180 feet of water (1,579 m), was drilled in late 2014 to a depth of 33,750 feet (10,287 m) and it encountered 690 feet (210 m) of net oil pay.

Tags: Chevron Corporation