ChevronTexaco Gets Approval for Phase 2 of Alba Development

The U.K. Department of Trade and Industry has granted ChevronTexaco approval to begin the second phase of the Alba Extreme South development located in the North Sea.

First oil from the ChevronTexaco-operated GBP50 million project is expected November 2004, with a maximum production rate of 36,000 barrels of oil per day anticipated shortly thereafter.

Production from the field extension will come from three development wells that will be drilled during a six-month program beginning in March. Oil will flow back to the Alba Northern Platform for processing via a new subsea manifold, which is planned for installation this September. The new manifold will be tied back to the Alba Extreme South phase one manifold, which the company installed in mid-2002.

Gary Luquette, CTUE President and Managing Director, said, "This latest phase in the development of the Alba field will allow us to reach an untapped area of Alba's extensive reservoir, delivering new production that will maintain the field's plateau and extend the economic life of the facilities."