Chevron 2003 Annual Report Download - page 14

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Australia
GAS COUNTRY A record amount of liquefi ed natural gas
(LNG) was sold in 2003 by the 16.7 percent-owned North
West Shelf joint venture in Australia. An expansion is now
under way to accommodate increased production, and a
ninth LNG carrier, to be operated by ChevronTexaco, will
go into service in 2004. ChevronTexaco is Australia’s larg est
holder of natural gas resources.
Kazakhstan
EXPANSION PROGRESS In 1993, ChevronTexaco signed an
agreement with newly independent Kazakhstan to form Tengiz-
chevroil (TCO), the country’s fi rst petroleum joint venture. In
2003, the 10th anniversary of that historic occasion, produc-
tion from TCO averaged 280,000 total barrels of crude oil per
day. An expansion is now under way that is expected to increase
TCO’s total crude oil production capacity to between 430,000
and 500,000 barrels per day when the project is completed in
the second half of 2006. Also in 2003, a 400-mile (644-km)
pipeline extension was completed to transport processed
liquids from the Karachaganak Field to world markets.