Chevron JV In Venezuela Plans $7 Billion Investment

Sept. 2 (Reuters) - Chevron Corporation CVX.N:

• Chevron expands position in Venezuela
• Chevron Corporation - joint venture plans $7 billion investment, targets 600,000 barrels/day production
• Chevron Corporation - projects total costs of less than $20 per barrel in Venezuela
• Chevron Corporation - Petroindependencia JV assigned rights to develop Carabobo 1 and Carabobo-2-South-A areas
• Chevron - Petroindependencia, S. A. joint venture has rights to develop adjacent Carabobo 1 & Carabobo-2-South-A areas in Orinoco Belt of Venezuela

Further company coverage: CVX.N