Chevron Deploys a Second Ultra-Deepwater Drillship

Chevron Deploys a Second Ultra-Deepwater Drillship

Chevron U.S.A. Inc., a wholly owned subsidiary of Chevron Corporation (NYSE: CVX), today announced that it has commenced operations on the Discoverer Inspiration, an ultra-deepwater drillship, in the U.S. Gulf of Mexico. The vessel has the capability to drill wells in 12,000 feet (3,650 meters) of water to a total depth of 40,000 feet (12,200 meters). Full text

First LNG shipment from Snøhvit

2007.10.20 - Projects

The purpose-built Arctic Princess has 145,000 cubic metres of LNG on board and is now on her way to customers in southern Europe.

"This is a historic milestone for the Snøhvit project and StatoilHydro's LNG focus," says chief executive Helge Lund.

"For the first time, we are supplying gas from the Norwegian continental shelf in a cooled state by ship. This gives us increased flexibility in marketing gas globally. Our plant at Melkøya is the first LNG production facility in Europe and will be a key component in StatoilHydro's focus on LNG, which constitutes the fastest growing gas market in the world."

Production of LNG from the Barents Sea's Snøhvit field began on 13 September. Even though the first shipment is on its way to market, the Hammerfest LNG plant is still in its initial phase. Stable production is expected in December.

Deliveries

Until then, LNG deliveries from Melkøya will vary from week to week since the initial phase will necessitate periodic shutdowns.

The LNG plant separates the wellstream comprising natural gas, condensate and water that arrives from subsea installations in the Barents Sea. The gas is cooled to minus 163 degrees centigrade where it becomes liquid (LNG) and is temporarily held in two large storage tanks.

At full production, tankers will leave port at Melkøya every five to six days. Each ship will transport nearly 150,000 cubic metres of LNG to customers worldwide.

Plans call for the official inauguration of the Snøhvit field and the Hammerfest LNG plant to be held in May 2008.

Snøhvit licensees: StatoilHydro, operator, (33.53%), Petoro (30.00%), Total E&P Norge (18.40%), Gaz de France (12.00%), Hess Norge (3.26%), RWE Dea (2.81%).




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