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 $5.7-billion Anchor project in the Gulf of Mexico, making history with the first-ever successful…
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