Chevron's Anchor project in the Gulf of Mexico commences production, marking the first successful use of groundbreaking high-pressure technology for ultra-deep reservoirs and potentially unlocking vast new energy resources.
Chevron Corporation NYSE NYSECVX on Monday launched production at its $5.7-billion Anchor project in the Gulf of Mexico, making history with the first-ever successful application of new high-pressure technology for ultra-deep reservoirs. The technological breakthrough represents the first time the industry has seen successful production in the U.S. Gulf of Mexico, where drillers encounter significant subsea pressure that has until now evaded new technology, according to Chevron .
Chevron’s Anchor FPU semi-submersible floating production unit, which is offshore Louisiana, has a capacity of 75,000 barrels of oil per day and 28 million cubic feet of natural gas per day. Anchor has seven subsea wells, all connected to the FPU and could produce up to 440 million boe. By 2026, Chevron projects that Anchor will be producing 300,000 boepd, and is expected to produce for three decades.
Anchor Project Gulf Of Mexico High-Pressure Technology Deepwater Drilling Oil And Gas Production Energy Industry Technological Breakthrough Totalenergies Subsea Wells
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