Everywhere I look they are bragging of anchor and technological advancement. Come on guys we just told the manufactuaring contractor the specs and they made it happen and made pipes and valves that can handle the expected pressures and temps. Do they think we are that d-mb? Who are the real heroes anyway?
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OP, the real heroes of Anchor are those who discovered and appraised it and got the reserves on the books. As far as I can see, none of those people are still around (at least not with Chevron) just 10 years later, not in management, not finding more producible reserves. That kind of insight and risk-taking has always been in very short supply in Chevron, which accounts for its abysmal organic growth, instead relying on acquisitions for reserves and production "growth". Permian is a perfect fit for Chevron (while it lasts), no insight needed, just give them lots of acreage to pattern drill. Let's hope they don't mess it up like AMBU did with the Marcellus.
He-l u got IT people like the CIO talking about the engineering marvel of anchor and taking credit for those accomplishments when that thing was just done by business partners.
So anchor will last for 30 years a Permian well will last 3 years.
With that said Anchor personnel have been getting the shaft while MW takes all the credit.
shows the limited brainpower of OP
75,000 BOEPD for that project…. What is that, maybe 3 CTBs (1 dev area) in the Permian, but with 100x the cost? Even if it’s that rate forever and at the Permian decline I still wouldn’t earn that back in my lifetime. Not sure why all the hoopla for mediocre output results.
OP is clueless. Do you think we are just digging a hole in the sand?
It's teamwork. Which part of it did you personally design or contribute to, OP?
Do you think that about Apple? "designed" in the USA but made by FoxConn. SMH