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20

Chevron Constructs Deepwater Oil Pipeline

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, has approved the construction

Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, has approved the construction of a 55-mile deepwater crude oil pipeline that will connect the Tahiti project to Amberjack pipeline in the U.S. Gulf of Mexico, the company announces on its website.

Chevron expects to invest a total of $3.3 billion this year in U.S. exploration, development and production projects.

The Tahiti project is expected to begin production in 2008 and to have a maximum daily production of 125,000 barrels of crude oil and 70 million cubic feet of natural gas.