Chevron unlocking shallow gas potential in Dutch North Sea

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Published at: www.offshore-mag.com

no more impact

September 28, 2007

Analysis by: GLG Expert Contributor

This is a significant development in The Netherlands which will more than double our local affiliated company’s production within two years. It demonstrates Chevron’s commitment to continued investment in its European crude oil and natural gas portfolio. Chevron has been able to expedite development of this resource which will not only strengthen the company’s position in The Netherlands but highlights the commitment to pursue value creation projects. it recognize that it is important both for The Netherlands and to the company to unlock the value of this resource.

Chevron A12 Project Develops Shallow Gas Potential in Dutch North Sea Sector

September 14, 2007

Analysis by: GLG Expert Contributor

Shallow gas discoveries made as long ago as the 1970s are finally being commercialized. Long considered a nuisance, the costs and technical challenges are now available to commercialize this resource. Chevron appears to be on track to commence production near year end.

Chevron shallow gas excellent project

September 14, 2007

Analysis by: GLG Expert Contributor

Reading the article on offshore-mag.com it can be infer some of the strengths of a major international oil operator Attractive energy markets are challenging oil operators to tap those resources than in the past resulted to expensive to develop Know how, expertise and experience in similar gas fields are being used to commission those reserves in a very demanding timeline Europe energy demand from such a high quality gas is guaranteed and will lesser Europe dependency from Russia Finally this project seems to be a show case for excellence in managing large capital projects pulling different technologies such as platform construction, compression, pipelines in a very demanding timeline and achieving milestones which is one result of a well managed project which could be achieved on time, within budget and with the quality needed.