Middle East Economic Survey

VOL. LIII

No 43

25-Oct-2010

SAUDI ARABIA

Chevron Eyes 2017 Start-Up For $15-20Bn Steam Flood Project

Chevron is pushing ahead with its pioneering large scale steam flood project in the onshore section of the Partitioned Neutral Zone (PNZ) between Saudi Arabia and Kuwait. A final investment decision on whether to go to full commercial development should be taken in 2013 and if green lighted should involve $15bn-20bn investment, Ahmad al-Omer, President of Saudi...