Chevron 2005 Annual Report Download - page 9

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The $2.3 billion Benguela Belize-Lobito Tomboco (BBLT) development is a testament to our ability
to manage large and complex projects. In 2005, we completed the fi rst phase of the groundbreak-
ing development ahead of schedule, within budget and, most important, in a safe manner. A major
part of the project was installing a drilling and production platform that stands 1,680 feet (512
meters) high, among the tallest man-made structures in the world. The Offshore Energy Associa-
tion recognized the platform as “Project of the Year.” Initial production from the Belize Field began
in early 2006. When BBLT is fully onstream, maximum total production is expected to be approxi-
mately 200,000 barrels of crude oil per day.
Skyscraper at Sea
BBLT is more than one of our “Big 5” capital projects — it demonstrates our ongoing commitment to Africa. We are one of
the largest U.S. private investors in sub-Saharan Africa, an area that holds enormous potential for adding to the world’s
energy supplies. Although it has made signifi cant progress, Africa remains one of the world’s most challenging regions
in terms of social and economic development. We are partnering with governments and local communities to help the
region develop its energy resources in ways that will stimulate economic growth and improve the quality of life.
A COMMITMENT TO AFRICA
7