Chevron operates through four business units in the Philippines. Our two upstream units are Chevron Geothermal Philippines Holdings, Inc. and Chevron Malampaya LLC. Our downstream unit is Chevron Philippines Inc. We also operate a business processes support organization through Chevron Holdings Inc.
Exploration and Production
The Malampaya gas-to-power project opens the door to the natural gas industry in the Philippines. The Malampaya natural gas field lies about 50 miles (80 km) northwest of the Philippine island of Palawan. Chevron holds a 45 percent nonoperated working interest in the field. In 2011, total daily production averaged 383 million cubic feet of natural gas (126 million net) and 14,000 barrels of condensate (4,000 net).
Produced from fields at water depths of about 2,800 feet (853 m), the gas is transported 314 miles (505 km) through subsea pipelines from an offshore platform to the Batangas onshore natural gas plant on Luzon island. Once treated, the gas is transported via overland pipelines to three power plants designed to generate a total of 2,700 megawatts of power. The development represents the largest single foreign investment in the Philippines.
In August 2011, a basic design and engineering agreement for the Malampaya Phase 2 development was signed. The project is designed to maximize the production of natural gas with additional wells and a new depletion compression platform.
Geothermal
Chevron Geothermal Philippines Holdings, Inc., develops and produces steam for the Tiwi power plant in Albay Province and the Mak-Ban power plant in Laguna and Batangas provinces. Those third-party-owned plants supply power to Luzon, the country's most populous island. The combined generating capacity of the two geothermal plants is 637 megawatts.
We are pursuing more geothermal energy. In 2010, Chevron signed agreements with two Philippine corporations to explore, develop and operate the Kalinga geothermal prospect in northern Luzon. The project is in an early phase as we make geological and geophysical assessments.
Marketing and Retail
Chevron has more than 850 Caltex® service stations in the Philippines. We sell a range of petroleum products, including Caltex with Techron® gasoline, Caltex Diesel with Techron D®, kerosene and jet fuel. Chevron also markets Caltex Havoline® and Delo® engine oils, along with other lubricating oils and greases.
Chevron has 14 facilities, including major terminals, depots and sales offices in the Philippines. Our import terminal in San Pascual, Batangas, forms the hub of our transportation and supply operations in the Philippines. Chevron also provides jet fuel for airlines at Ninoy Aquino International Airport.
Operational Support
Chevron Holdings Inc. provides office support for various Chevron companies around the world. Areas of support include finance and accounting, human resources, information technology, customer relations, and procurement. The company provides services to Chevron entities in Africa, Asia-Pacific, Europe and North America.
Updated: April 2012