Chevron Signs Oil Exploration Deal in Syrian Waters

Published

© Adobe Stock/Peter Hermes Furian
© Adobe Stock/Peter Hermes Furian

Chevron has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday.

Syria's coast in the eastern Mediterranean lies between major gas discoveries in Israel and Egypt.

Chevron already operates the giant Leviathan gas field offshore Israel, the country's largest energy asset.

In 2013, a Russian company, Soyuzneftegaz, signed a deal to explore offshore Syria but the project was dropped two years later amid years of a raging civil war in the country.

The majority of Syria's oil production comes from onshore fields in the northeast, such as the Al-Omar field.

UCC Holding is a unit of Qatari-based Power International Holding, according to its website.

(Reuters)

Current News

SMD Electrifies Their QTrencher ROVs

SMD Electrifies Their QTrenche

Well Decommissioning Expanding Horizons for Innovators with Proven Experience

Well Decommissioning Expanding

Gulf NOCs and MODU Operators Look to Contractual Resilience to Ride Out Disruption

Gulf NOCs and MODU Operators L

Njord Survey Inks Equinor Pipeline Inspection Deal in Europe

Njord Survey Inks Equinor Pipe

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine