PEL 82 Chevron Farm-In [Yahoo! Finance]
Chevron Corporation (CVX)
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Source: Yahoo! Finance
Namibia Exploration Limited (“CNEL”), an affiliate of Chevron Corp. (“CVX”) has executed an agreement that provides for their entry in Petroleum Exploration License 82 (“PEL 82) with the assumption of an 80% working interest and operatorship. NAMCOR, the National PetroleumCorporation of Namibia, and Custos will each maintain a 10% carried interest in PEL 82.PEL 82 governs blocks 2112B AND 2212A located in the Walvis Basin, offshore Namibia. PEL 82 is one of the Walvis Basin'smost attractive opportunities. • Approximately 70% of total block area is covered by extensive existing seismic – over 3,500 km of 2D and 9,500 km2 of 3D data • Previous drilling activity on PEL 82 included the Murombe-1 and Wingat-1 wells. – Results confirmed regional extension and presence of the Barremian-Aptianoil-prone source rock (Kudu shale). – The Murombe-1 penetrated the Baobab sands with approximately 20% porosity. – The Wingat-1 well recovered 38-41 degree API oil to surface. “We are pleased
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CVX
Earnings
- 4/26/24 - Beat
CVX
Sec Filings
- 5/14/24 - Form PX14A6G
- 5/13/24 - Form 4
- 5/10/24 - Form SD
- CVX's page on the SEC website