Chevron Upstream Europe

Chevron Upstream Europe

August 18, 2005 12:30 ET

Chevron Awards Contract To Transocean Offshore 'U.K.' Inc.

ABERDEEN, UNITED KINGDOM--(CCNMatthews - Aug. 18, 2005) - Chevron North Sea Limited and its partners Statoil, OMV and DONG, announced today it has awarded a contract to Transocean Offshore (U.K.) Inc. for the Transocean Rather Drilling Unit to perform an appraisal and exploration drilling programme West of Shetland commencing the second quarter of 2006.

It is the company's intent to use the Transocean Rather to appraise the oil and gas discovery at the offshore Rosebank/Lochnagar location (213/27-1Z) in the Faroe-Shetland Basin, initially discovered in August 2004.

Gary Luquette, President and Managing Director for Chevron Upstream Europe, said, "We are extremely encouraged by the preliminary results of this exploration programme which is very much aligned with Chevron's strategy to achieve superior exploration success from a focused, high-impact exploration program. This follow-up will give us the opportunity to decide whether this find has potential for future development."



Further information:

Laura Easton
Communications Advisor
Policy, Government & Public Affairs, Chevron Upstream Europe
Tel: +44 (0)1224 334400
Mobile: +44 (0)7803 268 754

Ruth Parkhouse
Manager, Policy, Government & Public Affairs, Chevron Upstream Europe
Tel: +44 (0)1224 334209
Mobile: +44 (0)7747 455 504


Notes to Editor:

Chevron Corporation is one of the world's leading energy companies. With more than 53,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron is based in San Ramon, Calif. More information on Chevron is available at www.chevron.com.

Blocks 213/26 & 213/27 were awarded under licence P1026 to Chevron subsidiary, Texaco North Sea U.K. Company (100%) under the UK 19th Licensing Round in 2001.

DONG (U.K.) Limited, OMV (U.K.) Limited and Statoil (U.K.) Limited farmed into the licence before the first exploration well was drilled.

The drilling location lies in the Faroe-Shetland Channel, close to the UK/Faroes median line and approximately 126km from the closest coast (Esha Ness on Shetland).



Partners Equity:
Chevron (Operator) 40%
Statoil (U.K.) Limited 30%
OMV (U.K.) Limited 20%
DONG (UK) Limited 10%



Contact Information

  • Chevron Upstream Europe
    Laura Easton
    Communications Advisor
    Policy, Government & Public Affairs
    +44 (0)1224 334400
    Mobile: +44 (0)7803 268 754
    or
    Chevron Upstream Europe
    Ruth Parkhouse
    Manager
    Policy, Government & Public Affairs
    +44 (0)1224 334209
    Mobile: +44 (0)7747 455 504