NEWS BULLETIN

November 04, 2009 --- Vol. 15, No. 86November 2009

Chevron announces Cook Inlet staff cuts

Chevron has announced that it is going to lay off an estimated 25 operations and maintenance staff from its Cook Inlet operations “due to decreased operational activity and difficult economic conditions associated with its Cook Inlet oil assets.”

Company spokeswoman Roxanne Sinz told Petroleum News today that a combination of external factors including declining oil production following the temporary shut in of several oil fields during the eruption of Redoubt Volcano, high operational costs in the Cook Inlet and the bankruptcy of Pacific Energy Resources had led to the layoff decision.

Chevron also expects to redeploy some staff in the company’s Anchorage office, Sinz said.

See story in Nov. 8 issue, available online at noon, Friday Nov. 6, at www.PetroleumNews.com


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