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ChevronTexaco Continues Its Growth

US oil and gas firm ChevronTexaco has made a significant discovery of oil and gas in the North Sea

ChevronTexaco Continues Its Growth

US oil and gas firm ChevronTexaco has made a discovery of oil and gas in the North Sea, 126km offshore in the Faroe-Shetland channel at the Rosebank/Lochnagar well.

ChevronTexaco Overseas Petroleum president George Kirkland said the discovery "positioned the company for continued growth in the region".

The company has not been investigated the well , but suggests that the field may contain 500 million barrels of oil.

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