CV2

(redirected from Core Venture 2)
AcronymDefinition
CV2Core Venture 2 (Red Sea gas field drilling project)
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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, Occidental and Enron were chosen for the Red Sea project, or Core Venture 2. Enron backed out and its place has been taken by Marathon Oil.