Chevron to Take Stake Offshore Liberia
Chevron has been granted approval by the Liberian government to acquire a 70% operating interest in three deepwater concessions offshore Liberia. Under the agreement, Chevron will conduct a three-year exploratory program beginning in the fourth quarter of 2010. The three deepwater blocks, LB-11, LB-12 and LB-14, are located 12 to 110 miles (19 to 177 kilometers) south of Monrovia and cover a combined area of 2 million acres (9,600 square kilometers).SubseaIQ provides focused, in-depth coverage of offshore field development activities around the world, with daily updates on hundreds of offshore fields and facilities. Click here to sign up for the free weekly email newsletter.
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