Chevron's Historic Oil Production Breakthrough in Extreme Subsea Conditions
Monday, 12 August 2024, 13:04
Chevron’s Technological Breakthrough
Chevron has achieved a significant milestone in the energy industry by successfully producing oil from a field in the U.S. Gulf of Mexico under extreme subsea pressures. This advancement was disclosed on Monday in conjunction with their partner, TotalEnergies.
Anchor Development Project
The Anchor development is expected to be fruitful for the next 30 years.
- Peak production will reach 75,000 barrels of oil per day.
- Alongside oil production, it will generate 28 million cubic feet of natural gas daily.
Conclusion
This project represents a crucial development in the oil sector, showcasing Chevron's commitment to innovation and sustainability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.