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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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Chevron’s focus on optimizing the thermal management of the Kern River field has resulted in a steady drop in the steam:oil ratio (barrels steam water per barrel oil), resulting in improved economics of the field even with slowly declining production. Source: Chevron. Here, Chevron has reduced its steam:oil ratio (i.e.,

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Former Chevron CTO Joins LiveFuels Scientific Advisory Board

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Don Paul, who retired from Chevron as vice president and chief technology officer and currently directs the Energy Institute at the University of Southern California (USC), has joined algae biofuels company LiveFuels, Inc.’ scientific advisory board.

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Greenland grants exploration and exploitation licences in the Arctic Greenland Sea to three consortia

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Chevron, GreenPex, Shell and NUNAOIL are awarded an exclusive licence to exploration and exploitation of hydrocarbons in the Greenland Sea area, licence bloc 9 (“Umimmak”). 2007, Assessment of undiscovered oil and gas resources of the East Greenland Rift Basins Province: US Geological Survey Fact Sheet 2007-3077 , 4 p.

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Exxon Mobil beginning development of ultra-deepwater Julia oil field in Gulf of Mexico

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The field was discovered in 2007 under 7,087 feet (2,160 meters) of water and is now estimated to have nearly six billion barrels of resource in place, according to Exxon Mobil. Malo production facility operated by Chevron USA Inc. ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50% interest in the Julia unit.

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BP announces significant resource extension of Mad Dog Field in deepwater Gulf Of Mexico; total hydrocarbons estimated at up to 4B barrels of oil equivalent

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interest, Chevron Corporation, through its subsidiary Union Oil Company of California, has a 15.6% Chevron Corporation announced the Moccasin discovery in the Lower Tertiary play on Keathley Canyon block 736. The prospect is operated by Chevron USA Inc., —Bob Dudley, BP group chief executive. BP maintains a 60.5%

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Shell sets world record for deepest subsea oil and gas well in Perdido Development: 9,627 feet in Gulf of Mexico

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Tobago is jointly owned by Shell (32.5%, as operator), Chevron (57.5%), and Nexen (10.0%) and is one of three fields producing through the Perdido drilling and production platform. Development drilling began in July 2007, five years after the discovery of hydrocarbons. Click to enlarge.

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Statoil greenlights $7B Mariner heavy-oil project in UK North Sea

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The field was discovered in 1981 and Statoil entered the license as operator in 2007 with the aim of finally unlocking the resources. Since Statoil entered in 2007, the company has developed a lead heavy oil position in the area, being operator with 65.11% equity in Mariner and 81.6% billion (US$1.9 equity in the Bressay field.

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