Big Foot tendon damage causes relocation to sheltered waters

Offshore staff

SAN RAMON, California– Chevron Corp. (NYSE: CVX) will move the Big FootTLP to sheltered waters from its current location in the deepwater US Gulf of Mexico following damage to subsea installation tendons.

The tendons were pre-installed in preparation for connection to the TLP. Between Friday, May 29 and Sunday, May 31, 2015, several tendons lost buoyancy.

Damage to the tendons, which are not connected to subsea wells and are used to attach theTLP to the seafloor, is being assessed. First production will not commence in late 2015 as planned.

TheBig Foot TLP was not connected to any subsea wells or tendons at the time, and was not damaged. There are no producing wells at this time. There were no injuries and there has been no release of any fluids to the environment.

06/02/2015