Chevron awarded Cardon III license in Venezuela

Chevron Corp.'s local affiliate company in Venezuela has been awarded the exploration license for the Cardon III exploration block, located offshore western Venezuela. The Cardon III block was one of seven blocks offered by the Venezuelan Ministry of Energy and Mines in the Rafael Urdaneta bid round. The block is located in an offshore region with natural gas potential on trend to the north of the prolific Maracaibo producing region.

Offshore staff

(Venezuela)-Chevron Corp.'s local affiliate company in Venezuela has been awarded the exploration license for the Cardon III exploration block, located offshore western Venezuela. The Cardon III block was one of seven blocks offered by the Venezuelan Ministry of Energy and Mines in the Rafael Urdaneta bid round. The block is located in an offshore region with natural gas potential on trend to the north of the prolific Maracaibo producing region.

Chevron recently acquired a 60% interest in Plataforma Deltana block 2 and holds a 100% interest in Plataforma Deltana block 3, where the company has drilled a series of successful gas exploration wells.

09/13/05

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