Core Venture Investors * Core Venture 1 (South Ghawar), $10bn-15bn: ExxonMobil 35% Shell 25% BP 25% Philips Petroleum 15% * Core Venture 2 (Red Sea Area), $5bn-7bn: ExxonMobil 60% Marathon Oil Company 20% Occidental Petroleum Corp 20% * Core Venture 3 (Shaybah), $5bn-7bn: Shell 40% Conoco 30% TotalFinaElf 30% Sources: Energy Information Administration
What does CV3 stand for?
CV3 stands for Core Venture 3 (Shaybah gas field drilling project)
This definition appears rarely and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of CV3
- Carrier Vehicl/Battle Management
- Aircraft Carrier/Command, Control & Communications
- Constant Velocity/Constant Acceleration
- carbamyl valine per gram
- Intrinsic Transistor Delay
- Closing Volume/Vital Capacity Ratio
- Core Venture 1 (Ghawar gas field drilling project)
- Center V on One Side (lumber)
- Core Venture 2 (Red Sea gas field drilling project)
- Center V on Two Sides (lumber)
- Cucumber Virus 3
- Cucumber Virus 4
- Computer Vision for Interactive and Intelligent Environments
- Attack Aircraft Carrier
- Campus View Apartments (various locations)
- Campus Virtuel Africain (French: African Virtual Campus; Senegal)
- Canadian Vintners Association
- Canadian Virtual Airlines
- Canadian Virtual Assistants
- Canonical Variate Analysis
Samples in periodicals archive:
SAUDI GAS INITIATIVE - PETROCHEMICAL ELEMENTS Venture Ownership Products Location/Date Core Venture 1 ExxonMobil 35% Ethylene & Derivatives Jubail 2006 Shell 25% BP 25% Phillips 15% Core Venture 1 Same Ethylene & Derivatives Yanbu 2006 Core Venture 2 ExxonMobil 60% Ethylene & Derivatives Yanbu 2006 Occidental 20% Marathon 20% Core Venture 3 Shell 40% Ethylene & Derivatives Jubail 2006 TotalFinaElf 30% Conoco 30% Preliminary Agreements were recently signed by the Saudi Government with three consortia of international oil companies for development of the Kingdom's natural gas resources.
Royal Dutch/Shell Group, Conoco and TotalFinaElf were picked for the Shaybah project, known as Core Venture 3.