BP and Chevron Hit Oil in Deepwater Gulf of America
Rextag
APRIL 16, 2025
The initial well and a sidetrack successfully encountered oil in high-quality Miocene-age reservoirs. While the company isnt abandoning low-carbon entirely, its focus has realigned around profitability, upstream growth, and capital efficiency. The well was drilled in 4,092 feet of water to a total depth of 23,830 feet.
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