Pennington

Company Overview

Since there is no specific "Pennington oil project," we will use Chevron's operations in Nigeria as a proxy, given the context of oil and gas projects.

• Company: Chevron, operating through its subsidiary Chevron Nigeria Limited (CNL).

Project Location

• Location: The projects are primarily located in the Niger Delta region of Nigeria, including both onshore and offshore areas.

Operations

• Joint Venture: Chevron operates under a joint-venture arrangement with the Nigerian National Petroleum Corporation (NNPC) for onshore and offshore assets.
• Deepwater Operations: Chevron has significant interests in deepwater blocks, including the Agbami Field, one of Nigeria’s largest deepwater discoveries. The Agbami Field is located 70 miles off the coast of the central Niger Delta region and spans 45,000 acres.

Specific Projects

• Agbami Field:

  • Discovered in 1998.
  • Water depth of approximately 4,800 feet.
  • Chevron has a 67.3 percent interest in the field.
  • The field is developed with subsea wells tied back to a floating production, storage, and offloading (FPSO) vessel.

• Usan Field:

  • Located 62 miles off the coast of the eastern Niger Delta region.
  • Water depth of 2,461 feet.
  • Chevron has a 30 percent nonoperated working interest.

• Other Fields:

  • Aparo Field and Bonga SW Field: Planned for joint development with subsea wells tied back to an FPSO vessel.
  • OML 140, OML 138, OML 139, and OML 154: Various exploration and development activities, including the Nsiko discoveries and the Owowo Field.

Natural Gas Projects

• Escravos Gas Plant (EGP): Operated by CNL, with a capacity of 680 million cubic feet per day of natural gas and LPG, and a condensate export capacity of 58,000 barrels per day.
• Escravos Gas-to-Liquids (EGTL) Facility: A 33,000-barrel-per-day gas-to-liquids plant operated by Chevron and NNPC.
• Sonam Field Development Project: Processes natural gas through the EGP and delivers it to the domestic gas market.

Infrastructure and Transportation

• West African Gas Pipeline: Chevron has a 36.7 percent interest in the West African Gas Pipeline Company Limited, which owns and operates the 421-mile pipeline supplying natural gas to customers in Benin, Ghana, and Togo.