Chevron upstream chief Jay Johnson used his firm’s Q2 earnings call on 29 July to single out Egypt, alongside the deepwater off Suriname on the north coast of South America, as the firm’s most exciting exploration prospects globally.
“We are turning our [global exploration] attention towards Egypt where we have a very nice exploration position. We’re shooting seismic. These are in areas that have been unexplored before because they’ve been in restricted areas and now available to us… We’re always going through and looking for the next opportunities, but I would say our focus primarily is shifting now toward Egypt and Suriname,” Mr Johnson says. (CONTINUED - 430 WORDS)