Thread regarding Chevron Corp. layoffs

New GOM

As I posted on another line, by the end of 2016 GOM will have exactly 3 (three) producing facilities. You can speculate all day on the office in Covington, employee headcounts etc. but the math is very simple and simplistic, how much infrastructure do you need to support 3 (three) producing facilities?

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Post ID: @OP+EfDVP5F

10 replies (most recent on top)

Anon594 - the only answer we know for sure is, there will be a lot less by the end of year 2016

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Post ID: @4GUd+EfDVP5F

Keep in mind current NOJV needs and the potential to acquire additional DW interests, assets, and operatorship (such as JV's buyouts - BP). Just something to consider given the Continued yet reduced DW capital focus.

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Post ID: @2Yme+EfDVP5F

How many people make up GOM? How many people make up DWEP?

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Post ID: @2e4s+EfDVP5F

For those unfamiliar with Gulf of Mexico, the 3 facilities the OP is referencing are Tahiti, Blind Faith, and Jack St Malo. Reducing GOM to just that would be an enormous change and would really beg the question why GOM and DWEP remain separate business units.

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Post ID: @1Qmj+EfDVP5F

Teir One properties haven't even been package to start accepting bids. I'm not saying they won't be sold, but it is not possible for it to happen in 2016.

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Post ID: @12YC+EfDVP5F

Field employees will continue working with the buying company. But that's only guaranteed for one year, as a condition when Chevron has sold field assets in the past. After the year is up, the buyer can cut them loose without a severance plan or other benefits. Look out folks. Chevron saves themselves some big bucks in the process, and you later get the shaft. Typical "Chevron Way".

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Post ID: @jWc+EfDVP5F

Maybe the white Fedora, white tie and black suit was an omen.

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Post ID: @f2E+EfDVP5F

I think he or she did spill all the details, 3 facilities, simple math.

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Post ID: @ttW+EfDVP5F

2nd wk of November we will all know more. Bring vaseline.

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Post ID: @6c1+EfDVP5F

....so if you know everything, why don't you just spill all the details?

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Post ID: @3vr+EfDVP5F

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