Chevron-Deepest Well

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Chevron has struck oil in the deepest well ever drilled in the Gulf of Mexico.

The well -- drilled 34-thousand feet deep -- is in about three-thoussand-500 feet of water, 170 miles southeast of New Orleans.

Chevron says the well tapped into about 600 feet of net pay oil sand, and the company expects to drill further, to determine the size of the discovery.

Earlier this year, Chevron announced it had found roughly 300 feet of hydrocarbon pay in that spot. The well had reached 29-thousand-670 feet then.

Chevron owns a 25 percent interest in the Green Canyon block number 512, where the well is located.