The Dawn Of A New Era In Deepwater Drilling ...Middle East

A new era in deepwater drilling is about to begin. With the sanctioning of the Anchor project super-major operator, Chevron, NYSE: CVX) signaled that it was ready to risk billions tapping the ultra-high pressure, Lower Wilcox Tertiary play, some 35,000 feet below the mudline. At least two other projects are in advanced FID status with several more under review. In this article we will look at some of the key players in this “final frontier” for the Gulf of Mexico, and why they are gearing up to exploit this remote reservoir. We will…

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