ChevronTexaco Offering Stake in Capercaillie Prospect

ChevronTexaco Upstream Europe is offering interested companies the opportunity to acquire/farm-in up to 50% equity in a large undrilled high impact exploration play.

The prospect, "Capercaillie", is located in License P1025 (Blocks 213/5 & 214/1), 200km northwest of the Shetland Isles in water depths ranging from 1,500 to 1,600m.

Investment in this opportunity will enable ChevronTexaco to continue an aggressive exploration program in the region - three wildcats in the past eighteen months and plans to test this prospect in 2005.

An Executive Summary is available and interested companies can request access to the Online Data Room and obtain the requisite Confidentiality Agreement by contacting Oleg Schkoda at