press release

ChevronTexaco Begins its Return to Oilfields Vacated Last Year

This is news concerning ChevronTexaco but issued by a ChevronTexaco subsidiary, Chevron Nigeria Ltd., and archived here for record purpose.

LAGOS, Feb. 11, 2004 -- Chevron Nigeria Limited (CNL), an affiliate company of ChevronTexaco, and operator of the NNPC/CNL joint venture has announced plans for return to the oilfields it shut-in 11 months ago at the peak of violent inter-ethnic unrest among communities in the western Niger Delta.

The Delta State Governor, Chief James Ibori was at the head of an advance party that visited the Abiteye flow station today. The Company's re-entry into its swamp locations is taking place as a result of Federal and State governments' progress in ensuring a secure environment and lasting peace in the oil fields of the Western Niger Delta.

The General Manager for the NNPC/CNL Joint Venture, Mr. Chuck Taylor said that "today's visit is the first step in a phased process to return to our swamp operations." He explained that restoration of operations would follow "a careful assessment of the facilities at each location which was evacuated last March." He added: "The first order of business will be a thorough safety and environmental audit. We want to ensure a safe return to operations without adverse impact on the environment." Chuck Taylor also expressed his appreciation to the Federal Government of Nigeria, the Delta State Government and the affected communities for their support and cooperation. Oil production is not expected to resume for some time.

In March 2003, CNL voluntarily shut down its swamp producing fields (Abiteye, Otunana, Makaraba, Dibi, Olero Creek and Opuekeba) in the western Niger Delta following escalating violence among two ethnic groups. This was done to reduce the exposure of Company and contractor employees to unsafe working conditions. All six oilfields that were shut-in accounted for a total daily production capacity of 140,000 barrels.

Updated: February 2004