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Report: Saudis look for way to tap more oil |
| Home | NEW YORK (CNNMoney.com) -- Saudi Arabia is experimenting with new techniques to tap into its supply of heavy crude oil, according to a published report Monday that says the move could help significantly increase the supply of oil to meet growing global demands. The Wall Street Journal reported that U.S. oil producer Chevron Corp. (Charts) began a field trial using steam injections to pump out heavy oil that was previously considered unrecoverable from Saudi Arabia's Wafra oil field. The paper said that Chevron and the Saudis say initial results are promising and that the technique could greatly enhance recovery at some huge fields. |