CV1

(redirected from Core Venture 1)
AcronymDefinition
CV1Core Venture 1 (Ghawar gas field drilling project)
Copyright 1988-2018 AcronymFinder.com, All rights reserved.
References in periodicals archive ?
Core Venture Investors * Core Venture 1 (South Ghawar), $10bn-15bn: ExxonMobil 35% Shell 25% BP 25% Philips Petroleum 15% * Core Venture 2 (Red Sea Area), $5bn-7bn: ExxonMobil 60% Marathon Oil Company 20% Occidental Petroleum Corp 20% * Core Venture 3 (Shaybah), $5bn-7bn: Shell 40% Conoco 30% TotalFinaElf 30% Sources: Energy Information Administration
SAUDI GAS INITIATIVE - PETROCHEMICAL ELEMENTS Venture Ownership Products Location/Date Core Venture 1 ExxonMobil 35% Ethylene & Derivatives Jubail 2006 Shell 25% BP 25% Phillips 15% Core Venture 1 Same Ethylene & Derivatives Yanbu 2006 Core Venture 2 ExxonMobil 60% Ethylene & Derivatives Yanbu 2006 Occidental 20% Marathon 20% Core Venture 3 Shell 40% Ethylene & Derivatives Jubail 2006 TotalFinaElf 30% Conoco 30%
ExxonMobil, Shell, BP and Phillips won the most coveted project, Core Venture 1, the South Ghawar project, largest of the three.
Core Venture 1 - South Ghawar: Its consortium consists of ExxonMobil, as project leader with an equity of 35%; the Royal Dutch/Shell group (25%); BP (25%); and Phillips Petroleum (15%).