Using IBM technology originally developed for the Sony Playstation, a Spanish Oil company reports that specialized “Cell” microprocessors are speeding the search for oil and natural gas reserves located 30,000 feet below the Gulf of Mexico up to 6 times faster than current technology.

The project, sponsored by oil and gas company Repsol and the Barcelona Supercomputing Center, represents the next frontier for oil exploration. The U.S. Department of the Interior’s Minerals Management Service estimates that these ultra deep Gulf waters holds approximately 56 billion barrels of oil equivalent (oil and natural gas), which, at $130/barrel, would be worth over $7 trillion and would meet the entire U.S. demand for oil and gas for about five years.