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Tests of a deep-water well in the Gulf of Mexico could indicate a significant oil discovery, three companies announced Tuesday, in the first project to tap into a region that reportedly could boost U.S. oil and gas reserves by as much as 50 percent.
The Jack 2 well was drilled about 5.3 miles deep by U.S. oil company Chevron Corp., with partners Statoil ASA of Norway and Devon Energy Corp. of Oklahoma City. During the test, the Jack 2 well sustained a flow rate of more than 6,000 barrels of oil per day, Statoil said.