Chevron is expanding its work in Brazil. In June 2009, we announced the estimated $3 billion Frade offshore crude oil and natural gas project had begun producing crude oil. Peak production is expected in 2011.
Over the past few years, Chevron has invested significant time and resources developing the Frade Field. Frade is among the largest deepwater heavy oil projects in the world and one of our company's biggest capital investments. Chevron is Frade's operator and majority partner.
Also in Brazil, Chevron owns lubricant and grease plants and our Oronite facility, which produces a range of fuel and lubricant additives.
Throughout our long history in the country, we have worked closely with our partners to contribute to the community. The company and our Brazilian employees promote education and environmental projects.
Updated: July 2009