Three oil companies, led by Chevron Corp., have successfully drilled for oil in the Gulf of Mexico’s deep waters, suggesting there may be more oil in the region that already provides a quarter of U.S. output, the companies said on Tuesday.
During the test, at record depths and pressure, the Jack No. 2 well flowed at a rate of more than 6,000 barrels of crude per day, Chevron said. That puts it on a par with discoveries in exploration hot spots such as the waters off Angola.
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