VOL. XLV

No 39

30-September-2002

CASPIAN

ChevronTexaco Plans $3Bn Investment In TCO During 2003-05

ChevronTexacoplans to invest $3bn in the giant Tengiz oilfieldbetween 2003 and 2005, according to the company痴 chairman and CEO, DavidO坦eilly. Speaking in Astana after a meeting with Kazak President Nursultan Nazarbayev on 23September, Mr O坦eilly said the investment wouldincrease crude production from the field to around 390,000 b/d from its currentlevel of 250,000 b/d. ChevronTexaco is operator and...