Chevron successful in UK licensing round
Offshore staff
(San Ramon, California)-Chevron North Sea Ltd. has been awarded equity in eight exploration blocks of strategic interest to the company under the 23rd United Kingdom Offshore Licensing Round.
Blocks 205/2 (part), 212/30, 213/16, and 213/17 are located near the recent significant Rosebank/Locknagar offshore discovery 78 mi west of Shetland. Chevron will be the operator with a 40% equity position. Other block joint-venture partners are Statoil, 30%, OMV Ltd., 20%, and DONG UK Ltd., 10%.
Blocks 215/30, 216/26, and 216/27 are located near the Capercaille prospect west of Shetland. Chevron will be the operator with a 65% equity position. Other block joint-venture partners are Maersk Oil U.K. Ltd., 25% and Talisman Energy Ltd., 10%.
Block 13/22d within the inner Moray Firth is located south of Chevron's Captain Field operations. Chevron will be the operator with 70% equity interest, and is partnered with the Korean National Oil Company with a 30% interest.
The additional acreage strategically builds on the momentum of Chevron's recent exploration successes at Rosebank/Lochnagar and efforts in other frontier locations of the Faroes-Shetland Basin. The company is also able to build on its position in the multi-phased development of the Captain Field.
09/12/05