CATEGORIZED | News

Chevron to expand West Africa presence with entry to Liberian deepwater

Posted on 09 September 2010

Map of Chevron concessions in Liberia.

Map of Chevron concessions in Liberia.

Chevron has been granted approval by the Liberian government to acquire a 70% interest and operatorship in three deepwater concessions in Liberia. The deepwater blocks, LB-11, LB-12 and LB-14, are located between 12 miles to 110 miles (20 km to 180 km) south of the capital of Monrovia and cover a combined area of 3,700 sq miles (9,600 sq km). Under the agreement, Chevron’s Liberian subsidiary will conduct a three-year exploratory program that is expected to begin in Q4 2010.

“We are very pleased to participate in Liberia’s emerging energy sector,” said Chevron vice chairman George Kirkland.  “Entry into this large prospective offshore area allows us to advance our growth strategy for the region.”

“These licenses are on trend with new deepwater Cretaceous discoveries in the region and will expand our exploration portfolio in offshore West Africa, which has delivered significant production from several basins,” said Ali Moshiri, president, Chevron Africa and Latin America Exploration and Production.

In Africa, Chevron participates in exploration and production activities in Angola, Chad, the Democratic Republic of the Congo, Nigeria and the Republic of the Congo. Chevron produced a net average of more than 430,000 bbl of oil equivalent in 2009 in these countries.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 30 July 2014

    Fugro’s DeepData pod provides data for deepwater riser monitoring

    Fugro has delivered a motion dataset from the BOP stack and lower riser of two deepwater wells in the Barents Sea using its DeepData pods. The DeepData pods...

  • 28 July 2014

    SDI completes 500th MagTraC MWD Ranging project

    Scientific Drilling International (SDI) has completed the 500th MagTraC MWD Ranging project. MagTraC was introduced in 1998 to target challenging applications...

  • 28 July 2014

    Modular offshore rig design reduces deployment costs

    William Jacob Management (WJM) has introduced an offshore rig design that reduces deployment costs and improves speed-to-market for upstream operations. The 3,000-hp...

  • 23 July 2014

    Halliburton promotes Jeff Miller to President

    Halliburton has promoted Jeff Miller to President and has appointed him to the Halliburton Board of Directors effective 1 August 2014. Mr Miller is currently the...

  • 23 July 2014

    Statoil resumes production on Njord A platform

    Statoil has resumed oil and gas production on the Njord A platform in the Norwegian Sea, after a major reinforcement of the platform structure. Production had been shut down...

  • Read more news