Chevron exits Chad; sells stakes in project and pipeline to Government, for US$1.3 billion
Chad was a non-core area of operation, lacking in critical value mass and with limited visibility on growth potential. It was therefore an obvious disposal candidate. Further country exits could be on the strategic agenda, with peripheral areas of operation including Norway, the Democratic Republic of Congo, Netherlands, Vietnam, US Alaska, Trinidad and Colombia. Other areas such as Denmark and the Philippines have more critical mass but might still be regarded as strategically peripheral.