Chevron Texaco Made An Oil Find

ChevronTexaco?s affiliate has discovered oil in four exploration wells in offshore Cambodia Block A.

The block was awarded to Chevron Overseas Petroleum (Cambodia) Ltd and its partners in March 2002. Cambodia affiliate has a 55 percent interest in the block and is the operator.

Oil pay logged in the wells ranges from 41 feet to 139 feet. Analysis of samples indicates the oil is 44 degree API crude.
John Watson, president of ChevronTexaco Overseas Petroleum, said: "The preliminary results of these exploration wells are promising, and they underscore the further success of our focused global exploration program. As a new exploration area for ChevronTexaco, Cambodia could offer the potential to build upon our already strong position in the Gulf of Thailand."