US major Chevron has made strides in the East Med since its late 2020 acquisition of compatriot Noble Energy (MEES, 9 October 2020). In December last year it took FID on expanding its 13tcf Tamar gas field (25%op), in February it approved the budget for a pre-FEED study for a world beating 4.6mn t/y FLNG as part of expansion at the 23tcf Leviathan field (39.66%op) and in January it announced the Nargis (45%op) discovery offshore Egypt.
“The headline is it’s a beautiful asset, a beautiful resource, even better than we thought when we bought Noble,” CEO Mike Wirth told his firm’s 28 February Investor Day. (CONTINUED - 1113 WORDS)
