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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

DECEMBER 8, 2011

By 2017, we expect our net crude oil and natural gas production to grow about 20 percent to 3.3 Approximately 87% of the 2012 spending program is budgeted for upstream crude oil and natural gas exploration and production projects. Angola: Angola LNG and development of Mafumeira Sul. million barrels per day.

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Chevron 2012 Angola Saudi Arabia 170
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Total and partners launch $16B ultra-deep Kaombo project offshore Angola

Green Car Congress

APRIL 14, 2014

Total and its joint venture partners have made the final investment decision to develop the ultra-deep offshore Kaombo project in Angola. Following an intensive optimization exercise, the project’s capital expenditure to reach full capacity was reduced by $4 billion to $16 billion, with an expected start-up in 2017. Location of Kaombo.

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Angola Oil 2013 France 170
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