The Shell-operated Appomattox floating production system in the deepwater US Gulf of Mexico
Gulf of Mexico’s deepwater expansion, part 1: High pressure, high rewards
Majors in the region are pushing boundaries and could see significant upside, but longer-term risks remain
The startup of Chevron’s Anchor project represents a technological breakthrough in the deepwater Gulf of Mexico (GOM), unlocking a new production region thanks to equipment designed to handle higher pressures than before. However, while technology is helping offshore operators boost GOM production, there is concern over the possibility of a slowdown in new projects being sanctioned over the longer term. Chevron announced it had brought Anchor online in mid-August, marking the introduction of technology rated to operate at pressures of up to 20,000psi. Anchor is targeting high-pressure reservoirs at depths of up to 34,000ft below sea level and has a production capacity of 75,000b/d of oil and
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
19 November 2024
Energy minister says country is delaying first oil production until pipeline and refinery are ready
