press release

Chevron Press Release - NNPC/Chevron Begins Export Of Nigeria's LPG

SAN FRANCISCO, Sept. 30, 1997 -- Nigeria has marked the export of its first liquefied petroleum gas (LPG) cargo, produced by the Escravos Gas Project, a joint venture of Chevron and the Nigerian National Petroleum Corp. (NNPC).

The export vessel Berge Spirit departed from Escravos today loaded with 30,000 metric tons of LPG bound for Houston. Customer for the cargo is NGC Global Liquids Inc., a Houston-based company in which Chevron holds an interest.

The Escravos Gas Project produces over 8,000 barrels of LPG and natural gas liquids per day. It also produces 145 million standard cubic feet of dry gas and 2,000 barrels of condensate per day. The dry gas is sold to the Nigerian Gas Company for industry end-users, while the condensate is fed back into the joint venture's crude oil production at the Escravos Tank Farm.

The NNPC and Chevron hold 60 percent and 40 percent interest respectively in the Escravos Gas Project, Nigeria's first associated gas project. The Escravos project currently processes 185 million standard cubic feet of associated gas from the Okan and Mefa Fields west of the Niger Delta.

The project is part of efforts by the NNPC/Chevron Joint Venture to commercialize the 20 trillion cubic feet of gas in its area of operation.

Updated: September 1997