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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. million barrels per day. —Chairman and CEO John Watson. First production is expected in 2016.

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Chevron 2012 Angola Saudi Arabia 170
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Eni reports important new discovery offshore Congo

Green Car Congress

FEBRUARY 14, 2014

The exploration well, Nene Marine 3, was drilled in a water depth of 28 meters (92 feet) and encountered a significant wet gas and light oil accumulation in the pre-salt clastic sequence, outlining a significant extension to the west of the reservoir and its hydraulic continuity. billion barrels of oil equivalent in place.

Congo 230
Congo Liberia Gabon Mariner 230
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