First Gas Achieved From A12 Shallow Gas Development on Netherlands Continental Shelf

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14th January 2008

Chevron Exploration and Production Netherlands B.V., a subsidiary of Chevron Corporation, together with its joint venture partners, Dyas B.V., DSM Energie B.V. and EBN announced today the successful production of first gas from the A12 field, part of its shallow gas development project in the A&B Blocks of the Dutch part of the Continental Shelf. Gas production from the field commenced on 20th December 2007; production is currently approximately 2.65 million/m3/day (98.5 million standard cubic feet (MMSCF)/day) and is expected to ramp up to approximately 3 million m3/day (111 MMSCF/day) in early 2008. The A12 central processing platform has a design processing capacity of 3.35 million m3/day (125 MMSCF/day).

The A12 field is located in block A12 approximately 280 kilometers north of Den Helder and is the first stage of the multi-phase development of shallow gas fields in the A&B Blocks of the Dutch part of the Continental Shelf. The current development phase included installation of a central processing platform, an export pipeline connecting this platform to the A6-F3 pipeline and drilling and completion of seven development wells. The gas from the A12 field will be transported to Den Helder through the A6-F3 and NOGAT pipelines.

Gerard Schut, managing director of Chevron Exploration and Production Netherlands B.V. said, “First gas from the A12 field is a significant accomplishment given the technically challenging environment of the shallow gas fields in the A&B Blocks. The development of these fields underscores Chevron’s commitment to making incremental investments in our North Sea assets and demonstrates our ability to execute projects with excellence even under challenging conditions. Bringing A12 to production safely and on schedule is a significant achievement for the project team and the many others who have supported their efforts.”

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