chevron delays nigeria plant expansion
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Chevron delays Nigeria plant expansion

Arab Today, arab today

Arab Today, arab today Chevron delays Nigeria plant expansion

California - Arabstoday

Chevron Corporation has pushed back the expansion of a natural gas processing plant in Nigeria, originally slated for this year, by another three years, according to its annual report, which also revealed that it will continue exploring for shale gas in China. Closer to home, the second-largest US oil company also said its chemical joint venture with ConocoPhillips would seek to take advantage of North America’s shale gas glut by doing a feasibility study on a potential ethylene cracker on the US Gulf Coast. As for Nigeria’s Escravos Gas Plant Phase 3B, which is designed to gather 120 million cubic feet of natural gas per day from eight offshore fields and then compress and transport it to onshore facilities, it had already been delayed by a year. Phase 3A will feed an $8.4 billion gas-to-liquids plant nearby when that starts up next year, having itself been delayed for three years and seen its estimated cost more than double. Construction continued on Phase 3B last year, Chevron said, and the project is now expected to be completed in 2016. A California-based spokesman confirmed the new target date, but was not able to comment further. In China, the Chuandongbei natural gas project will now start up in 2013 instead of this year, but Chevron also said it signed a joint study agreement to explore for shale gas in the Qiannan Basin last April, and started seismic operations to evaluate it in July. Chevron is already exploring shale resources in Argentina, where it expects to drill two exploratory wells this year in the Vaca Muerta formation, as well as in Poland and Romania. In Romania, where Chevron has a license to explore 1.6 million acres (647,000 hectares), a multi-well program is set to begin in late 2012, and negotiations have been held on license agreements for three blocks comprising about 670,000 more acres. Apart from Nigeria, Chevron has a busy 2012 planned for Africa, which accounts for more than one-sixth of its output. Off Angola’s coast, it expects a final investment decision (FID) next quarter on Mafumeira Sul, which should produce up to 110,000 barrels per day of crude, while later this year it will reach FID on its N’Dola field and drill two exploratory wells in the Lifua field after a successful appraisal well there last July.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chevron delays nigeria plant expansion chevron delays nigeria plant expansion

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chevron delays nigeria plant expansion chevron delays nigeria plant expansion

 



GMT 12:48 2016 Sunday ,27 November

Cilic, Dodig push Croatia to brink of Davis Cup

GMT 05:24 2017 Thursday ,28 December

Erdogan says 'terrorist' Assad cannot be part of Syria

GMT 12:59 2016 Saturday ,05 November

WB welcomes economic reforms in Egypt

GMT 18:40 2016 Saturday ,05 November

Egyptian GDRs in London down

GMT 10:57 2017 Wednesday ,06 December

Peru striker Guerrero has doping ban extended

GMT 17:51 2017 Tuesday ,07 March

Trump Signs New Travel Ban on Six Muslim Countries

GMT 10:30 2017 Wednesday ,06 September

Saudi Information Ministry praises media role during Hajj

GMT 15:29 2017 Tuesday ,24 January

Mind games really do help your brain

GMT 06:55 2015 Thursday ,01 October

Boston Red Sox beat Yankees

GMT 08:17 2017 Monday ,28 August

Bahrain celebrates World Humanitarian Day 2017

GMT 02:07 2017 Tuesday ,28 February

Opposition seeks Russian support at Syria talks
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday