press release

Chevron Press Release - New President Named For Chevron Canada Resources

SAN FRANCISCO, Sept. 6, 1996 -- Chevron Corp. today announced that William D. Edman, 55, has been named president of Chevron Canada Resources (CCR), the company's Canadian exploration and production subsidiary based in Calgary.

Edman, a 32-year veteran with Chevron, is currently managing director for Chevron Nigeria Limited. During his career, Edman, a petroleum engineer, has had 20 assignments of increasing management responsibility in various U.S. and international operations. His appointment is effective Nov. 1.

"Bill has a proven record of results in many of our most important operations, and Canada is a significant element in our plans to grow the company's earnings," said Chevron Chairman Ken Derr.CCR has had a significant presence in Western Canada since operations began in 1938. Today, the company produces about 100,000 barrels per day of oil and gas equivalent, and has exploration and production rights to more than 1 million acres, excluding frontier areas.

In Eastern Canada, CCR holds a 27 percent share in the giant Hibernia project offshore Newfoundland. Production from that field, which has estimated reserves of 615 million barrels, will begin in 1997 or early 1998.

"Chevron is bullish on growth opportunities in Eastern Canada," Derr said. "In addition, we value our long-term presence in Western Canada and hope to remain a competitive major producer there for many years."

Edman is replacing Donald Paul, 50, who was named corporate vice president, technology, on Aug. 12.

George Kirkland, 46, who is currently production general manager in Nigeria, is replacing Edman as managing director. Kirkland joined Chevron in 1974, and has held engineering and management positions in various U.S. operations and Indonesia prior to assuming his current position in 1992.

Updated: September 1996