Energy giant Chevron Corp. (NYSE: CVX) is looking to ramp up its focus on unconventional prospects by 1% this year, according to a report by Dow Jones.
According to John Gass, Chevron’s corporate vice president, the company expects to take advantage of its recent acquisition of Atlas Energy by drilling approximately 70 wells in the Marcellus Shale.
Chevron is also looking to scoop up additional unconventional deals overseas. Akin to Polish oil company PGNiG, the company is hoping to find more shale deals in Poland and Romania. Furthermore, Chevron has also reported that it has heightened its focus on Australian prospects. According to the report, the company plans to design an expansion plan for the Gorgon liquefied-natural-gas (LNG) project.
"Australia’s proximity to Asia is a big factor in Australia’s rise to become one of the world’s biggest LNG producers," said Gass.
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