Chevron Corporation (NYSE:CVX) announced today that its fully-owned
subsidiary Unocal East China Sea, Ltd. began natural gas production from
the first stage of the Chuandongbei Project in southwest China.
Chuandongbei is one of the largest onshore gas projects developed by an
international oil company and a national oil company in China.
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The Nanba gas processing plant at the Chuandongbei Project. (Photo: Business Wire)
“First gas for the Chuandongbei Project represents a significant
milestone and highlights Chevron’s leadership in the development of sour
gas resources,” said Jay Johnson, executive vice president, Upstream.
“The project will be an important supplier of clean and affordable
energy to the rapidly growing economy in southwest China.”
The Chuandongbei Project covers over 800 square kilometers in Sichuan
Province and the Chongqing Municipality. Unocal East China Sea, Ltd.
holds a 49 percent participating interest as the operator and China
National Petroleum Corporation holds a 51 participating percent interest.
The start-up of the first train commences stage one of the project.
Production is planned to ramp up over coming months as all three trains
come on line. The three trains have a combined design outlet capacity of
258 million cubic feet of natural gas per day. The Chuandongbei Project
is estimated to contain potentially recoverable natural gas resources of
3 trillion cubic feet.
Melody Meyer, president, Chevron Asia Pacific Exploration and Production
Company stated, “First gas at Chuandongbei represents the next step in
our energy partnership with China. Chevron has worked closely with China
National Petroleum Corporation and the Chinese government at all levels
to develop the project safely and reliably. The project has provided
jobs and business opportunities for the local community, and will
continue to contribute to the regional economy for decades.”
Chevron Corporation is one of the world’s leading integrated energy
companies. The company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and transports crude oil
and natural gas; refines, markets and distributes transportation fuels
and lubricants; manufactures and sells petrochemicals and additives;
generates power and produces geothermal energy; and develops and deploys
technologies that enhance business value in every aspect of the
company’s operations. Chevron is based in San Ramon, Calif. More
information about Chevron is available at www.chevron.com.
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