US Chevron says Q1 oil and refinery production has decreased

10 April 2013 23:51  [Source: ICIS news]

HOUSTON (ICIS)--Chevron’s refinery crude-input volumes fell by 145,000 bbl/day in the first two months of Q1 2013 compared with Q4 2012, largely because of planned maintenance at its Pascagoula, Mississippi, refinery, the US oil giant announced on Wednesday.

International refinery crude-input volumes fell 61,000 bbl/day because of increased maintenance at various refineries, the company said.

Upstream, Chevron’s net oil-equivalent production declined 11,000 bbl/day because of increased maintenance at Gulf of Mexico wells, Chevron said.

International net oil-equivalent production declined 21,000 bbl/day because of the timing of cost recovery volumes under various production sharing contracts, as well as weather-related downtime, the company said.

By: Jeremy Pafford
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