Chevron signs deal to exit Dutch North Sea

Offshore staff

VOORBURG, the Netherlands – Chevron Netherlands Holdings has agreed to an offshore asset transfer with Petrogas International E&P, a subsidiary of Oman-based Petrogas E&P LLC.

The transaction includes Chevron Exploration and Production Netherlands’ interests in 11 offshore blocks in the Dutch North Sea, which last year generated net production of around 2,000 b/d of crude oil and 41 MMcf/d (1.2 MMcm/d) of natural gas; and 100% of the shares in Chevron Transportation B.V., which owns offshore and onshore crude oil and natural gas handling and transportation infrastructure.

“Our decision…was a result of the company’s drive to focus on assets more aligned with our long-term strategic growth objectives,” said Craig May, managing director, Chevron Upstream Europe.

09/22/2014

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...