CHEVRON’S Big Foot tension-leg platform remains moored quayside at Kiewit Offshore Services fabrication yard in Ingleside, Texas, as Chevron confirms it has pushed back tow-out of the facility from the US yard to sometime in the third quarter 2014.
Consequently, Big Foot’s start-up is now expected in the second quarter of 2015.
The company did not give a specific reason for the revised schedule.
However, Upstream first reported earlier this month that the $4 billion Big Foot platform was in danger of missing its original late 2014 start-up due to change-orders and the mushrooming of the topsides.
The hull was built in South Korea by Daewoo Shipbuilding and Marine Engineering while the topsides fabrication was contracted to Gulf Island Fabrication. Meanwhile, Chevron is slicing $2 billion off its capital expenditures budget for next year to $39.8 billion.
Nearly the entire budget will be devoted to exploration and production activities: $35.8 billion in total, of which $7.9 billion — 22% — will be spent on US upstream projects.
Chevron’s other projects under development in the US Gulf include Jack-St Malo production semi-submersible and the Hess-operated Tubular Bells spar which will be owned by the facility designer Williams.
The Jack-St Malo semisub has been moored at the offshore location and is on schedule for a 2014 start-up.