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Chevron Announces First Gas From the Alen Gas Monetization Project in Equatorial Guinea

·2-min read

Noble Energy EG Ltd. (a Chevron Company) has achieved first gas flow from the safe and successful execution of the Alen Gas Monetization Project. The project consists of a 70 km (43.5 miles) pipeline with a capacity of 950 million cubic feet of natural gas equivalent per day (MMcfe/d) that allows gas from the Alen field, located in the Douala Basin offshore Equatorial Guinea, to be processed through onshore existing facilities, maximizing development of current and future regional gas resources.

"As a company, we are proud to be a strategic partner in this joint effort, and we look forward to continue contributing to the economic and social development of the country," said Gene Kornegay, Vice President and Country Manager of Noble Energy EG Ltd.

The Alen Gas Monetization Project is a key step forward for the country’s envisioned Equatorial Guinea Gas Mega Hub, which seeks to utilize existing infrastructure and support a thriving world-class gas industry within Equatorial Guinea. This project facilitates the transport of gas from offshore production infrastructure to existing onshore facilities at Punta Europa (the Alba Plant and the Equatorial Guinea LNG Plant), where it will be processed and converted into LNG, allowing for future discovered resources to be processed in the country, supporting jobs and economic growth, and further solidifying the country’s position as a key player in Africa’s oil and gas industry.

About Noble Energy EG Ltd. (a Chevron Company)

Chevron’s subsidiary, Noble Energy EG Ltd., operations offshore Equatorial Guinea account for more than 60 percent of the country’s hydrocarbon production with interests in the Alba Field, Block O and Block I. More information about Chevron is available at www.chevron.com.

As used in this news release, the term "Chevron" and such terms as "the company," "the corporation," "our," "we," "us" and "its" may refer to Chevron Corporation, one or more of its consolidated subsidiaries, or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.

Please visit Chevron’s website and Investor Relations page at www.chevron.com and www.chevron.com/investors, LinkedIn: www.linkedin.com/company/chevron, Twitter: @Chevron, Facebook: www.facebook.com/chevron, and Instagram: www.instagram.com/chevron, where Chevron often discloses important information about the company, its business, and its results of operations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005157/en/

Contacts

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