Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering
The Oil & Gas Hub
  • Main
  • News
  • Photo
  • Video
  • Oilfield Jobs
  • Learning Section
  • Oil & Gas Calculator

Chevron announces Kaybob Duvernay development program

2017.11.08
791
Chevron Canada Limited (Chevron) announced it is moving into development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta. The decision follows a successful three-year appraisal program by Chevron.

It is anticipated this initial development program will comprise approximately 55,000 acres of Chevron's operated position in the Duvernay resource in the area known as East Kaybob. The program will utilize long-term infrastructure development and service agreements with Pembina Pipeline Corporation and Keyera Corporation, with service expected to be available during the second half of 2019.

"The Duvernay formation is one of the most prospective liquids-rich shale plays in North America. Chevron Canada looks forward to realizing the value of this resource from our industry-leading position while delivering economic benefits to local communities, Alberta and Canada," said Jeff Gustavson, president, Chevron Canada Limited.

"Chevron is committed to collaborating with aboriginal peoples and local communities to build long-term, trusting and mutually beneficial relationships related to the Kaybob Duvernay development," added Gustavson.

Chevron has a net 70 percent operated interest in approximately 330,000 acres in the Duvernay formation near Fox Creek, approximately 260 km northwest of Edmonton.

Related Posts

Weekly Energy Digest - July 1st,2025
2025.07.01
672
Weekly Energy Digest - July 1st,2025
Oil prices fell, reversing the prior weeks’ gains as the market shrugged off geopolitical risk…
Weekly Energy Digest - June 24th,2025
2025.06.24
806
Weekly Energy Digest - June 24th,2025
Oil prices continued to surge upwards due to supply concerns caused by geopolitical tensions between…
Weekly Energy Digest - June 18th,2025
2025.06.18
1 099
Weekly Energy Digest - June 18th,2025
Crude futures jumped about $5 per barrel on Friday after Israel launched airstrikes against Iran wit…
Weekly Energy Digest - June 10th,2025
2025.06.10
1 396
Weekly Energy Digest - June 10th,2025
Oil prices ended higher on Friday as geopolitical risk related to the ongoing Ukraine-Russia war, al…
Market quotes are powered by TradingView.com
© Oil and Gas News | Oil and Gas Jobs | Oil and Gas Engineering, 2025
ADVERTISE  | Contact Us  | Privacy Policy  
Made in studio Zuber