First high-pressure project for the US Gulf of Mexico Facility design capacity of 75,000 b/d of crude and 28 MMcf/d of natural gas First oil expected in 2024 New York — Chevron said Thursday it would go ahead with its Anchor project in the Green Canyon area of the Gulf of Mexico, sanctioning the industry’s first deepwater high-pressure development. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Use of this new technology, which is able to handle pressures of 20,000 psi, opens the door to other high-pressure opportunities in the Gulf of Mexico for Chevron and other industry players, the company said in a statement. “This decision reinforces Chevron’s commitment to the deepwater asset class,” said Jay Johnson, executive vice president of Chevron’s upstream segment. “We expect to continue creating value for shareholders by delivering stand-alone development projects and sub-sea tie backs at […]