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Article: DEMOCRATIC REPUBLIC OF CONGO: WORK ON PLANNED $75,000,000 OIL FIELD DEVELOPMENT PROJECT IS TENTATIVELY SCHEDULED TO BEGIN SOME TIME DURING THE FIRST QUARTER OF THE YEAR 2000, CHEVRON CORP. [USA] - Order #: 0352200.(Brief Article)
- Article from:
- WWP- Report on Oil Gas & Petrochemicals in the Developing World
- Article date:
- March 1, 2000
CopyrightCOPYRIGHT 2000 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROJECT OVERVIEW
U.S.-based CHEVRON CORP. which holds a 50% interest in a leased oil field in the Democratic Republic of Congo also acts as operator. The deposit in question had a production output of some 17,700 barrels per day (b/d) during 1999. However, the partnership is now proposing to increase the oil flow by up to more than 20,000 b/d during the year 2000 and eventually to 21,000 b/d by 2002.
As a result, the consortium is now said to be gearing-up to undertake a $75,000,000 3-year development program. The planned works will reportedly include the completion of delineation and development drilling.
As things currently stand, work ...