Chevron Acquires Anadarko and Maintains Focus on Pre-Salt

Written by Renato Oliveira

Published on 15/04/2019 at 01:00

Updated on 14/04/2019 at 19:57

Chevron se funde com Anadarko

Be the first to react!

Confirming Your Plan to Prioritize the Pre-Salt, Chevron Buys Anadarko and Increases Its Stakes in Brazil

Another major merger of oil companies has just occurred, as Chevron announced on Friday (4/12) an agreement to acquire Anadarko for US$ 33 billion.
It is worth remembering that in February 2016, Shell and BG merged, in a deal that made Shell Petrobras’ main partner in the pre-salt.

The negotiation has already been approved by the boards of directors of both companies and should be completed in the second half of this year, as it still requires approval from regulatory authorities.
The company will be headquartered in San Ramon, California (USA), and the CEO of the company will be Chevron’s president, Michael Wirth.

ARTICLE CONTINUES BELOW

Current Portfolio of Chevron

With the operation, Chevron expanded its portfolio in Brazil from eight to ten areas and now owns 30% and 33%, which was previously Anadarko’s, in blocks C-M-101 and C-M-61 (Campos Basin), respectively.

Certainly, Chevron holds stakes in four more areas of the Campos Basin, namely: C-M-791 (40%), C-M-821 (40%), C-M-823 (40%) and in the Papa-Terra field (37.5%).
The oil company also has a presence in the Santos Basin, where it holds stakes in CE-M-715 (50%), in the Ceará Basin; in block S-M-764 (40%), and in the sharing areas of Três Marias (30%) and Saturno (50%).

With the acquisition of Anadarko, Chevron only confirms its current focus, which is the exploration of pre-salt fields, and for that reason, it has disposed of some of its assets.

At the end of last year the company sold its 51.74% stake in the Frade field to the Brazilian PetroRio. The Frade field is the same one where an oil spill occurred in 2011.
Another major sale by Chevron was the 30% stake it held in the Maromba field to BW Offshore in March of this year.

In another major merger, this time between drilling operators, Ensco and Rowan join forces to have 82 Offshore Rigs! Click here for details!

Chevron Acquires Anadarko and Maintains Focus on Pre-Salt

Confirming Your Plan to Prioritize the Pre-Salt, Chevron Buys Anadarko and Increases Its Stakes in Brazil

Current Portfolio of Chevron

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

Neither human nor dinosaur: ancestral skeleton nearly 1,000 years old found on eroded road in Australia intrigues archaeologists by the way it was buried

Chevron Acquires Anadarko and Maintains Focus on Pre-Salt

Confirming Your Plan to Prioritize the Pre-Salt, Chevron Buys Anadarko and Increases Its Stakes in Brazil

Current Portfolio of Chevron

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

Kia emerges with the “ugliest pickup truck in the world”: even with a 2.2 turbo diesel engine with 210 hp, 4×4 traction, a capacity of 3.5 tons, and a goal of 20,000 annual sales, the Tasman sells only 320 units and becomes a problem for the brand in Australia.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Country ‘tears’ the sea with 340-meter underwater tunnels under the Atlantic to capture saltwater and build a megaproject capable of producing up to 100 million liters of drinking water per day in West Africa.

Rice in space becomes a scientific bet for China to understand how microgravity can alter the genetics of the most important grain for Asian food security and reveal if future generations of the plant can be born, grow, and maintain their biological identity away from Earth.

How much would a Toyota Hilux cost without tax in Brazil? A diesel pickup truck priced at R$ 250,000 could drop to around R$ 127,000, showing why pickup trucks have become a luxury product in the country.

Windows without a prison-like appearance gain momentum in 2026 and promise to completely transform residential facades with more natural lighting, discreet security, increased property value, and a modern look without the burden of the old iron bars that dominated Brazilian homes for decades.

The largest precious metals mine under construction in the world is situated on a layer of ore 25 times thicker than common mines in South Africa, and has just connected a third shaft that will quintuple the extraction of platinum, palladium, and gold.

Neither human nor dinosaur: ancestral skeleton nearly 1,000 years old found on eroded road in Australia intrigues archaeologists by the way it was buried