Exploration and Production
Chevron holds working interests in three deepwater fields in the Campos Basin: Frade, Papa-Terra and Maromba.
Chevron operates and holds a 51.7 percent interest in the Frade Field project. The field lies in a water depth of about 3,700 feet (1,128 m), approximately 230 miles (370 km) northeast of Río de Janeiro, in the Campos Basin. Frade is a subsea development with wells tied back to a floating production, storage and offloading (FPSO) vessel. During 2012, net daily production averaged 6,000 barrels of crude oil and 2 million cubic feet of natural gas. In March 2012, production was suspended as a precautionary measure while studies were conducted to better understand the geology in the area. Field production is expected to partially resume in 2013, subject to regulatory approvals.
Development in Papa-Terra and Maromba
Also in the Campos Basin, Chevron holds nonoperated interests in Papa-Terra and Maromba.
The Papa-Terra Field lies in approximately 3,900 feet (1,189 m) of water. Development plans at Papa-Terra call for an FPSO vessel and a tension-leg well platform, with a planned total daily capacity of 140,000 barrels of crude oil. Heavier-oil production wells will lead to the platform. Lighter-oil production wells will tie back to the FPSO vessel. The vessel is scheduled to be completed and installed at the field in mid-2013. First production is expected in the second half of the year. Chevron holds a 37.5 percent interest in Papa-Terra.
Development of the Maromba Field was evaluated in 2012 and a development plan was submitted to authorities in September. Chevron holds a 30 percent nonoperated working interest in Maromba.
Marketing and Retail
Chevron considers Brazil a key growth market for lubricants. The company owns and operates a lubricants manufacturing plant in Río de Janeiro that produces 1 million barrels of lubricating oils each year. Another plant, in São Paulo, produces 15,000 tons of industrial greases and 35,000 barrels of coolants per year for the Brazilian market.
Our Havoline® and Ursa® lubricants are recognized as leaders in the market.
Customer satisfaction, improved performance and quality management are important to Chevron. Chevron Brasil Lubrificantes Ltda. has been awarded certification from the International Organization for Standardization (ISO) for the high-quality design, development and manufacture of oils, coolants, brake fluid, greases and lubricants. The Brazilian lubricants plant also is ISO certified.
Chemicals
Chevron's subsidiary Oronite owns and operates a manufacturing plant in Maua, near São Paulo. Oronite is a leading developer, manufacturer and marketer of performance additives for fuels and lubricating oils.
Updated: April 2013
Cautionary Statement