Chevron’s ongoing study of the Anchor project comes amid growing optimism that greenfield project activity in the US Gulf of Mexico could be on the rise once more after the punishing slump following the oil price downturn at the end of 2014, writes Kathrine Schmidt.
The project is likely to be the first of its kind in the region to tap resources from high-pressure, high-temperature Lower Tertiary formations that require equipment to be rated to handle pressures of 20,000 pounds per square inch.
