Gneiss Energy’s Corporate Finance Director Paul Weidman featured on Energy Voice this week, discussing Chevron’s recent $5 billion acquisition of Noble Energy.
“Acquiring Noble gives Chevron high-quality, long-life assets with a gas-focused international portfolio offshore Israel at Leviathan and Equatorial Guinea at Alen. In Leviathan, Chevron gains an operated, long-life, increasing production profile, which builds on Chevron’s Eastern Mediterranean exploration blocks in Egypt and Cyprus.”
“Chevron also receives a liquids-weighted 270,000 boepd portfolio onshore in the US, in the Permian Basin. This is largely contiguous to its current position, the Eagle Ford, and a new position in the DJ Basin.”
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