Jim Letourneau's Blog

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Chevron and Devon Drill Deep

When M. King Hubbert came up with the concept of peak oil it was impossible to drill offshore wells that were 6 km deep. Chevron sunk a deep hole in the Gulf of Mexico and was rewarded with a gusher.

The well was tested at more than 20,000 feet under the sea floor, the deepest successful test in the Gulf, Chevron Corp., the field's operator, and Statoil ASA, a partner in the field, said today. The well had a flow rate of more than 6,000 barrels a day.

Bloomberg.com: Worldwide.