Chevron, Shell to share rigs for gulf drilling

Chevron U.S.A. Production Co. and Shell Exploration & Production Co. have agreed to share rigs to jointly drill two exploratory deepwater wells in the Gulf of Mexico this year.Chevron also will use a Shell-contracted rig to drill a third well in a joint venture with Texaco Inc.That program represents half of the six deepwater exploratory wells that Chevron plans to drill in the gulf during 2000, officials said."This agreement is a real win-win for Chevron and Shell. It supports both companies' exploration efforts and rig needs in the deep water this year," said Andrew L. Hardiman, vice-president of Chevron's deepwater gulf business unit.Drilling efficienciesA key element to the ag...

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