Chevron on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well
An oil production breakthrough that producers say can safely tap ultra-high pressure fields could put up to 5 billion barrels of previously inaccessible crude into production, analysts said.on Monday disclosed it had pumped first oil from a field at 20,000 pounds per square inch pressures, a third greater than any prior well. Its $5.7-billion Anchor project employs specially designed equipment from NOV, Dril-Quip and drillships from Transocean.
Transocean was the operator of the ill-fated Deepwater Horizon vessel and BP was the owner of the Macondo project. Both are involved in the new, higher pressure well developments. The new gear promises Chevron’s Anchor and similar projects by Beacon Offshore Energy and BP will deliver a combined 300,000 barrels of new oil, and put 2 billion barrels of previously unavailable U.S. oil within producers’ reach, she said.
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