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Chevron to expand oil project in Saudi
- Saudi Arabia: Wednesday, June 03 - 2009 at 10:33
Chevron is testing the impact of steam flooding in oilfields across the neutral zone between Kuwait and Saudi Arabia to help boost output of heavy oil, and could deploy the technique full-field in 2017, a top Chevron executive told Reuters. If successful, the technique could be rolled out worldwide and add billions of barrels to global reserves, said Guy Hollingsworth, Chevron's president for exploration and production in Europe, Eurasia and the Middle East. Steam raises the temperature below ground and loosens up crude that is otherwise difficult to pump.
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StaffWednesday, June 03 - 2009 at 10:33 UAE local time (GMT+4)
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