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"Awarding these contracts moves the Gendalo-Gehem project closer to commercialization. The completion of this project will strengthen our regional portfolio of major gas projects and enhance our position as a leading supplier of natural gas and LNG in the Asia-Pacific region," said George Kirkland, vice chairman, Chevron. Jim Blackwell, president, Chevron Asia Pacific Exploration and Production, said Chevron welcomed the opportunity to partner with Indonesia in developing the country's first ultra-deepwater natural gas project. "Chevron has been a key part of the energy sector in Indonesia for more than 80 years and we are committed to assisting the country in developing its resources, and meeting the growing demand for natural gas in Indonesia and the region." Chevron currently has an 80 percent interest in the project and is seeking regulatory approval for a partial farm-down of the holding. Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com. Chevron Corporation |
Chevron Deepwater Gas Project in Indonesia Enters Design Phase.