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Chevron abandons $100m deepwater project in Australia

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Chevron abandons $100m deepwater project in Australia

Opeoluwani Akintayo 15 October 2017, Sweetcrude, Lagos – Chevron Corp. has abandoned plans for the $100 million deep-water exploration wells off Australia’s southern coast. According to fresh reports, the company cited low oil prices as reason for developing cold feet. The company complained that its exploration program in the Bight had failed to spur encouraging …

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Chevron abandons $100m deepwater project in Australia Chevron abandons $100m deepwater project in Australia Reviewed by Crude Oil Facilitators on 21:01 Rating: 5

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