It's to the benefit of both nations to maximize the value of the resource. I am confident that Venezuela and Trinidad and Tobago will reach an agreement.
This is a normal process. It's like a normal tax audit by the IRS.
In respect to what is going on in other nations ... Venezuela is a good place to do business.
We're very close to a final decision. In 2008, initial production should start.
The future of Venezuela is extra-heavy oil and natural gas.
With a company like Chevron being in Venezuela for over 60 years, we are committed to Venezuela.
We're drilling three new wells in offshore Colombia to add capacity.
The decision is made, but since it's such a big project, it has to go through the formal process. The way the market is for equipment and drilling rigs, we are going to work everything simultaneously.
Our objective is in line with what their objective is. If Venezuela is looking for large increases in production, the silver bullet is the Orinoco.
Our objective is in line with what their objective is.
