Following a three-year appraisal program, Chevron Canada Limited has decided to develop a portion of its lease holdings in the Kaybob Duvernay area of west-central Alberta, Canada.
Chevron stated that it has a net 70 percent operated interest in approximately 330,000 acres in the Duvernay formation near Fox Creek, which is located roughly 260 kilometers northwest of Edmonton. According to the company, the initial development program will likely comprise approximately 55,000 acres of its company-operated position in the Duvernay resource area called East Kaybob.
In addition, the company said the program will use long-term infrastructure development and service agreements with Pembina Pipeline Corp. and Keyera Corp. Chevron expects service to be available during the second half of 2018.