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17

Chevron Announces Trinidad and Tobago Gas Sales Deal

The deal is for the supply of 220 million standard cubic feet of natural gas per day for a term of 11 years

Chevron Corp. on Tuesday announced that its affiliate Chevron Trinidad and Tobago Resources SRL and partner BG Group have entered into a gas sales agreement with the National Gas Company of Trinidad and Tobago Limited.

The deal is for the supply of 220 million standard cubic feet of natural gas per day for a term of 11 years, with an option to extend for another four years. Deliveries are slated to begin in 2009.

The natural gas is expected to be sourced from the Dolphin Field, located approximately 52 miles off the east coast of Trinidad in the East Coast Marine Area (ECMA). Chevron and operator BP each have a 50-percent working interest in the ECMA.