Chevron confirms oil discovery at Bandit prospect in Gulf of America
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Chevron Confirms Oil Discovery at Bandit Prospect in Gulf of America
April 9, 2026 7:30 AM EDTHOUSTON--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today confirmed an oil discovery at the Bandit prospect in the Gulf of America, as announced by operator Occidental. The exploration well is located in Green Canyon Block 680, about 125 miles south of the Louisiana coast.
The well encountered high-quality, full-to-base oil-bearing Miocene sands. The co-owners are currently evaluating results to determine next steps. The discovery has the potential for subsea tie-backs to an adjacent Occidental-operated facility and others in the nearby area.
Bandit is operated by Occidental, which holds a 45.375 percent working... More
