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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

Green Car Congress

DECEMBER 8, 2011

Chevron Corporation announced a $32.7 Major capital investments include developments in Australia, the deepwater Gulf of Mexico, Nigeria, Angola and China. First production is expected in 2016. Angola: Angola LNG and development of Mafumeira Sul. billion capital and exploratory spending program for 2012.

Chevron

Chevron 2012 Angola Saudi Arabia

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

Green Car Congress

JANUARY 13, 2012

Japan-based INPEX Corporation and its joint venture partner Total have made the final investment decision (FID) for the Ichthys liquefied natural gas (LNG) project in Australia, representing an investment of US$34 billion dollars. First production is expected at the end of 2016. Location of the Ichthys project. Source: INPEX.

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Australia United Arab Emirates Yemen Angola

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Chevron announces $32.7B capital and exploratory budget for 2012; LNG and deepwater investments propel a step change

INPEX and Total launch the $34B Ichthys offshore Australia LNG Project; entire 8.5 Mt/y LNG output already sold for 15 years

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