Analysts Say That New Drilling Technology Could Bring.

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  • Source:
    World Energy News. 8/14/2024, pN.PAG-N.PAG. 1p.
  • Additional Information
    • Subject Terms:
      GAS fields; OIL fields; PETROLEUM; PETROLEUM industry; RESEARCH personnel
    • Abstract:
      A breakthrough in oil production technology could potentially bring up to 5 billion barrels of previously inaccessible crude into production, according to analysts. Chevron recently announced the successful extraction of oil from a field with a pressure of 20,000 pounds per square inch, which is higher than any previous well. This new technology could have significant implications for the growth of oil production in the Gulf of Mexico and other high-pressure oilfields around the world, such as those off the coasts of Brazil, Angola, and Nigeria. [Extracted from the article]