Chevron Announces First Gas From the Alen Gas Monetization Project in Equatorial Guinea
February 26 2021 - 9:00AM
Business Wire
Noble Energy EG Ltd. (a Chevron Company) has achieved first gas
flow from the safe and successful execution of the Alen Gas
Monetization Project. The project consists of a 70 km (43.5 miles)
pipeline with a capacity of 950 million cubic feet of natural gas
equivalent per day (MMcfe/d) that allows gas from the Alen field,
located in the Douala Basin offshore Equatorial Guinea, to be
processed through onshore existing facilities, maximizing
development of current and future regional gas resources.
“As a company, we are proud to be a strategic partner in this
joint effort, and we look forward to continue contributing to the
economic and social development of the country,” said Gene
Kornegay, Vice President and Country Manager of Noble Energy EG
Ltd.
The Alen Gas Monetization Project is a key step forward for the
country’s envisioned Equatorial Guinea Gas Mega Hub, which seeks to
utilize existing infrastructure and support a thriving world-class
gas industry within Equatorial Guinea. This project facilitates the
transport of gas from offshore production infrastructure to
existing onshore facilities at Punta Europa (the Alba Plant and the
Equatorial Guinea LNG Plant), where it will be processed and
converted into LNG, allowing for future discovered resources to be
processed in the country, supporting jobs and economic growth, and
further solidifying the country’s position as a key player in
Africa’s oil and gas industry.
About Noble Energy EG Ltd. (a Chevron Company)
Chevron’s subsidiary, Noble Energy EG Ltd., operations offshore
Equatorial Guinea account for more than 60 percent of the country’s
hydrocarbon production with interests in the Alba Field, Block O
and Block I. More information about Chevron is available at
www.chevron.com.
As used in this news release, the term “Chevron” and such terms
as “the company,” “the corporation,” “our,” “we,” “us” and “its”
may refer to Chevron Corporation, one or more of its consolidated
subsidiaries, or to all of them taken as a whole. All of these
terms are used for convenience only and are not intended as a
precise description of any of the separate companies, each of which
manages its own affairs.
Please visit Chevron’s website and Investor Relations page at
www.chevron.com and www.chevron.com/investors, LinkedIn:
www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook:
www.facebook.com/chevron, and Instagram: www.instagram.com/chevron,
where Chevron often discloses important information about the
company, its business, and its results of operations.
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version on businesswire.com: https://www.businesswire.com/news/home/20210226005157/en/
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