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Chevron Advances Cyprus' Aphrodite Gas Field Development [Yahoo! Finance]
Last chevron corporation earnings: 5/1 06:45 am
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US:NYSE Investor Relations: chevron.com/investors
Chevron Corporation CVX is advancing the development of the Aphrodite gas field offshore Cyprus by awarding a key engineering contract to Worley Limited WYGPY. The agreement covers front-end engineering design (FEED) and procurement services, representing a crucial step in progressing one of the Eastern Mediterranean's most significant offshore gas developments. As operator of the field, Chevron continues to drive technical and engineering work to move the project closer to a final investment decision. The FEED phase will help refine the project's technical design, cost estimates and execution strategy as the partners prepare for long-term production. Scope of the Engineering Work Under the contract, Worley will deliver FEED services across all major components of the Aphrodite Field Development Project. The work will cover a floating production unit, subsea infrastructure, a gas export pipeline and onshore gas receiving facilities. The company will also oversee procurement a
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