Entering text into the input field will update the search result below

Chevron to delay $12B Indonesian drilling project, Jakarta Post says

Oct. 14, 2014 10:35 AM ETChevron Corporation (CVX) StockCVXBy: Carl Surran, SA News Editor
  • An earlier report that Chevron (CVX -0.4%) is delaying its $12B Indonesia deepwater development project in the Makassar Strait is discussed in greater detail in the Jakarta Post, as an energy ministry official says he expects the project to start one year later than previously anticipated.
  • CVX is planning to revise its calculations on the project following the discovery of a new gas reserve, according to the official, "which has increased the project’s monetizing value."
  • Total production from the four production sharing contracts is expected to reach at least 1B cf/day of gas, with total gas reserves of 2.3T cf.

Recommended For You

More Trending News

About CVX Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
CVX--
Chevron Corporation