Financial Times FT.com

Chevron seeks new Mid-East reserves

By Ed Crooks in London

Published: March 8 2009 19:14 | Last updated: March 8 2009 19:14

Chevron, the second-biggest US oil company, will in the next few months begin large-scale testing of a production technique that could unlock tens of billions of barrels of reserves across the Middle East.

The technique, for producing heavy oil that cannot be extracted using conventional methods, will be used in the partitioned neutral zone between Saudi Arabia and Kuwait.

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