Chevron to Move Deepwater U.S. Gulf of Mexico Platform to Sheltered Waters Following Damage to Installation Tendons
June 01 2015 - 7:47PM
Business Wire
No injuries, platform undamaged and not
connected to subsea wells or tendons at time of incident
Chevron Corporation (NYSE: CVX) today advised that the Big Foot
tension-leg platform (TLP) will be moved to sheltered waters from
its location in the deepwater U.S. Gulf of Mexico following damage
to subsea installation tendons.
The tendons were pre-installed in preparation for connection to
the Big Foot TLP. Between Friday, May 29 and Sunday, May 31, 2015,
several tendons lost buoyancy.
The Big Foot TLP was not connected to any subsea wells or
tendons at the time of the incident and was not damaged. There are
no producing wells at Big Foot at this time. There were no injuries
and there has been no release of any fluids to the environment.
Damage to the tendons, which are not connected to subsea wells
and are used to attach the TLP to the seafloor, is being assessed.
First production will not commence in late 2015 as planned.
Chevron is one of the world’s leading integrated energy
companies, with subsidiaries that conduct business worldwide. The
company is involved in virtually every facet of the energy
industry. Chevron explores for, produces and transports crude oil
and natural gas; refines, markets and distributes transportation
fuels and lubricants; manufactures and sells petrochemical
products; generates power and produces geothermal energy; and
develops the energy resources of the future, including biofuels.
Chevron is based in San Ramon, Calif. More information about
Chevron is available at www.chevron.com.
Cautionary Statement Relevant to Forward-Looking Information for
the Purpose of “Safe Harbor” Provisions of the Private Securities
Litigation Reform Act of 1995.
Some of the items discussed in this press release are
forward-looking statements about Chevron. Words or phrases such as
"anticipates," "expects," "intends," "plans," "targets,"
"forecasts," "projects," "believes," "seeks," "schedules,"
"estimates," "may," "could," "budgets," "outlook," “on schedule,”
“on track” and similar expressions are intended to identify such
forward-looking statements. The statements are based upon
management's current expectations, estimates and projections; are
not guarantees of future performance; and are subject to certain
risks, uncertainties and other factors, some of which are beyond
the company's control and are difficult to predict. Among the
important factors that could cause actual results to differ
materially from those in the forward-looking statements are changes
in prices of, demand for and supply of crude oil and natural gas;
actions of competitors; the inability or failure of the company’s
joint-venture partners to fund their share of operations and
development activities; the potential failure to achieve expected
net production from existing and future crude oil and natural gas
development projects; potential delays in the development,
construction or start-up of planned projects; the potential
disruption or interruption of the company’s net production or
manufacturing facilities or delivery/transportation networks due to
war, accidents, political events, civil unrest, severe weather,
other natural or human factors; government-mandated sales,
divestitures, recapitalizations and changes in fiscal terms or
restrictions on scope of company operations; foreign currency
movements compared with the U.S. dollar; and general economic and
political conditions. The reader should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Unless legally required, Chevron undertakes
no obligation to update publicly any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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