With Chevron wanting to expand in Egypt and Suriname, it would make sense for CVX to buy Apache. What do u think? Those discoveries in Suriname look attractive
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GOM has relied on the experts at Shell for all their discoveries,such as they are, for years. GOM just hasn’t had a billion barrel discovery in decades.
Still better than what we have found in Gulf of Mexico over the past 5 years
Chevron has been in Egypt for what, 3 or 4 years now? No wells drilled, nothing found. Carbon copy of our Mexico and Brazil experiences. Late to arrive, spend a bunch of money, open an office for execs to visit, and come away with nothing (Aberdeen was the same exercise). The only benefit is that a few high-pots get promoted to country managers, and a few disgruntled CTC people get to apply their "world class expertise" and get some "BU experience", which is nothing since no wells are drilled.
Former Noble CEO now APA board member will sell it cheap.
Egypt is seriously one ‘corrupt to the core’ country. I’m not too sure about the commercial viability of Suriname, but definitely forget about Egypt. That’s no place for Chevron to invest money in.
The only thing chevron wants to expand is their tounge over the media on how great company they are and making shareholders happy with CCUS and D&I initiatives.
@3tms, well, at least sub-commercial is better than the dusters we drilled with Kosmos...
The Suriname discovery is probably sub-commercial. I have reviewed it in some detail with the geologist who chose the well location for Total.
No exploration going on here, only D&I and lower carbon. Move along.
Apache has been a train wreck for 11 years. There's a reason why no one's acquired them. Then there's also the former NBL CEO now sitting on the APA board. Hmmm....
That's about the only way Chevron will "find" any oil!