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

US Oil Lease Sale in Gulf of Mexico Attracts $82.7m in Bids

US Oil Lease Sale in Gulf of M

CAPE Holland, GBM Works Sign MoU to Commercialize Vibrojet

CAPE Holland, GBM Works Sign M

81m Acres Opened in Gulf of America Lease Sale

81m Acres Opened in Gulf of Am

Vietnam Mulls Second LNG Term Contract After Deal with Shell

Vietnam Mulls Second LNG Term

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine