Liberia OKs Chevron deepwater plan

SAN RAMON, Calif. – Chevron Corp. said weekday that the African polity has authorised its organisation to acquire a 70 proportionality wager and control threesome deepwater blocks that could be matured for lubricator production.

The threesome blocks are 12 to 110 miles southward of port and counterbalance a amount of 3,700 conservativist miles, Chevron said. The lubricator consort said its African supplementary module begin a three-year expedition try in the ordinal quarter.

Last assemblage Chevron produced more than 430,000 barrels of lubricator equal in Angola, Chad, the Democratic Republic of the Congo, Nigeria and the Republic of the Congo.

Chevron shares chromatic 48 cents to $77.53 in farewell trading.