Chevron makes oil discovery in Gulf of Mexico

 The Chevron Corporation has announced an oil discovery at the Coronado prospect in the deepwater U.S. Gulf of Mexico.
The Walker Ridge Block 98 Well No. 1 encountered more than 400 feet of net pay. The well is located approximately 190 miles off the Louisiana coast in 6,127 feet of water and was drilled to a depth of 31,866 feet.
“The Coronado discovery demonstrates how Chevron is achieving its strategy of superior exploration performance,” said Vice chairman of the Chevron Corporation, George Kirkland. “The discovery adds to our global portfolio of high-quality opportunities for future growth.”
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