Chevron Forks Over $847M For North Sea Oil Contracts

Law360, New York (July 23, 2013, 5:15 PM EDT) -- A unit of energy giant Chevron Corp. has awarded four service contracts worth a combined £550 million ($846.6 million) to several companies to develop a pair of offshore oil and gas projects in the increasingly popular North Sea region, Chevron said Tuesday.

Chevron North Sea Ltd., the entity that controls Chevron's business interests in the region, said it awarded engineering and supply contracts for exploration and production at the Rosebank and Alder deepwater sites. Though Chevron did not disclose the breakdown of each contract's value, the...
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