BP and Chevron Hit Oil in Deepwater Gulf of America
Rextag
APRIL 16, 2025
42.5%), drilled the Far South exploration well in Green Canyon Block 584, located in the western Gulf of America approximately 120 miles off the coast of Louisiana. The initial well and a sidetrack successfully encountered oil in high-quality Miocene-age reservoirs. Refining margins have improved slightly, averaging $15.2
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