Gas line interests Chevron
JOINING THE CROWD: Extent of company's role is to be determined.
By KAY CASHMAN
Petroleum News
Published: June 13, 2006
Last Modified: June 13, 2006 at 02:43 AM
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Chevron plans to be part of a gas pipeline project that BP, Conoco Phillips and Exxon Mobil are trying to put together to send North Slope gas south through Alaska and Canada to Lower 48 markets, said John Zager, Chevron's general manager in Alaska.
Zager made the remarks in a speech to the annual Alaska Oil and Gas Association luncheon in Anchorage. He later said Chevron was looking at being involved in the project in two ways.
"As a significant North Slope gas owner, Chevron plans to be a shipper on the gas pipeline and is evaluating options of becoming an equity owner in the pipeline to align pipeline ownership with shipping commitments," he said.
Chevron is the fourth-largest gas owner on the North Slope behind BP, Conoco and Exxon. Its properties include 100 percent interest in more than 250,000 acres of exploration acreage in the central North Slope, 50 percent interest in leases in the Arctic National Wildlife Refuge 1002 area and smaller interests in the Kuparuk River and Endicott fields.
Chevron has a 25 percent interest in the undeveloped Point Thomson field, which holds 23 percent of the discovered natural gas reserves on the Slope, second only to Prudhoe Bay. The company also owns about 1.4 percent of the 800-mile trans-Alaska oil pipeline.
Majority partners in Point Thomson include BP, Conoco, Chevron and unit operator Exxon. |
