Chevron Corporation CVX announced today that its U.K.
subsidiary, Chevron North Sea Limited, has reached a final investment
decision and received approval from the U.K. government to proceed with
the development of the Alder Field in the Central North Sea. The project
has a planned design capacity of 110 million cubic feet of natural gas
and 14,000 barrels of condensate per day. First production is expected
in 2016.
See full press release
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