In respect to what is going on in other nations ... Venezuela is a good place to do business. |
In the next five years we will most likely spend $1.5 billion to $2 billion in Brazil on development. We will be creating a footprint that is very strong. |
It's to the benefit of both nations to maximize the value of the resource. I am confident that Venezuela and Trinidad and Tobago will reach an agreement. |
Our objective is in line with what their objective is. |
Our objective is in line with what their objective is. If Venezuela is looking for large increases in production, the silver bullet is the Orinoco. |
The decision is made, but since it's such a big project, it has to go through the formal process. The way the market is for equipment and drilling rigs, we are going to work everything simultaneously. |
The future of Venezuela is extra-heavy oil and natural gas. |
This is a normal process. It's like a normal tax audit by the IRS. |
We're drilling three new wells in offshore Colombia to add capacity. |
We're very close to a final decision. In 2008, initial production should start. |
What the minister has signaled is increased capacity and paying royalty from incremental production. |
With a company like Chevron being in Venezuela for over 60 years, we are committed to Venezuela. |