US supermajor Chevron announced Thursday it will move ahead with the high-profile Anchor project in the U.S. Gulf of Mexico, targeting first oil production in 2024.
The $5.7 billion deepwater project is reportedly the first ultra-high pressure, high temperature development to reach a final investment decision (FID) and will require new technology capable of handling pressures of 20,000 pounds per square inch (psi), Chevron said
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