HomeRegional NewsInternationalChevron seeks partners for natural gas project

Chevron seeks partners for natural gas project

Technip’s onshore
transformation and
transport installations
New York, USA — ESI-AFRICA.COM — 03 December 2010 – Oil major Chevron Corporation “’ the largest producer of geothermal energy in the world “’ has  awarded engineering and design contracts for a deepwater Indonesian natural gas development, and has revealed that it is also seeking partners for the project.

Chevron has hired Technip SA’s Indonesia unit to begin work on the floating production units for the Gendalo-Gehem projects in the Makassar Strait, and Worleyparsons Limited’s Indonesian unit for the sub-sea and flow-line systems. The company said engineering and design for the onshore receiving facility would be done by Singgar Mulia.

Chevron emphasised the fact that it was seeking regulatory approval to sell stakes in the project, which was expected to produce up to 1.1 billion cubic feet of natural gas per day and 31 000 barrels of condensate per day. The company currently owns 80% of the project.

Dismissed as a useless byproduct of crude oil production until the second half of the 20th century, natural gas now provides 23% of all energy consumed in the world. And the demand is growing.

An economical, environmentally friendly and efficient energy source, natural gas is the cleanest-burning conventional fuel, producing lower levels of greenhouse gas emissions than do heavier hydrocarbon fuels, such as coal and oil. Historically, natural gas also has been one of the most economical energy sources.