New ultra-high-pressure drilling technology could unlock billions of barrels of previously inaccessible oil globally.
Recent developments in ultra-high-pressure drilling technology like the one U.S. supermajor Chevron uses at its new Gulf of Mexico project could unlock more than 5 billion barrels of known but previously inaccessible oil deposits globally, including more than 2 billion barrels in the U.S. Gulf of Mexico alone, analysts have said. Chevron announced earlier this week a breakthrough ultra high-pressure drilling technology as it launched production at its $5.
” First oil at the Anchor field has the potential to unlock a considerable amount of new production, energy consultancy Wood Mackenzie said this week. “Chevron is leading the way to unlock ultra-high-pressure reservoirs in the Inboard Paleogene, which have never been produced. The Inboard Paleogene will herald a new chapter in the US Gulf of Mexico,” commented Mfon Usoro, Principal Analyst at Wood Mackenzie.
Oil Reserves Chevron Gulf Of Mexico Deepwater Technology Wood Mackenzie Rystad Energy Global Resources Technological Innovation
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