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Chevron Confirms Development of Nigeria Deepwater Field
March 17th, 2008
Chevron (NYSE:CVX) confirms that its subsidiary Chevron Nigeria Deepwater Limited and its co-venturers are moving forward to develop the offshore Usan field in Nigeria.
"The Usan development project adds to Chevron's deep queue of projects that are expected to generate significant new production from West Africa's deep water," said Ali Moshiri, president, Chevron Africa and Latin America Exploration and Production.
Discovered in 2002, the Usan Field is located at a water depth of 2,461 feet (750 meters) in Oil Mining License 138 approximately 62 miles (100 kilometers) off the coast in the eastern Niger Delta. The development plan for the Usan Field...
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Source: VerticalNews Energy (2008-03-17)