“We continue to make good progress on our major capital projects,” Watson added. “Construction continues, and important milestones are being reached, on our Gorgon and Wheatstone LNG projects in Australia. Important interim construction goals have been recently reached for our Jack/St. Malo and Big Foot deepwater projects in the Gulf of Mexico, in preparation for their project start-ups scheduled for late 2014. We are also moving forward on the development of our liquids-rich unconventional properties in the United States.”Recent upstream highlights include:
- Australia – Signed binding long-term Sales and Purchase Agreements with Tohoku Electric Power Company, Inc. for Wheatstone LNG. Binding long-term agreements now cover 85 percent of Chevron’s equity LNG offtake from Wheatstone.
- Australia – Acquired exploration interests in two blocks located in the deepwater Bight Basin offshore South Australia.
- Canada – Successfully concluded the initial twelve-well exploration drilling program in the liquids-rich portion of the Duvernay Shale.
|Three Months||Nine Months|
|Ended Sept. 30||Ended Sept. 30|
|Millions of Dollars||2013||2012||2013||2012|