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., formerly Caltex 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 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 2008, total daily production averaged 368 million cubic feet of natural gas and 15,000 barrels of condensate. Chevron's net oil-equivalent production was 26,000 barrels per day.
Produced from fields almost 2 miles (3,000 m) below the seabed, the gas is conveyed 314 miles (505 km) from an offshore platform, through subsea pipelines 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.
Chevron Geothermal Philippines Holdings Inc. develops and produces steam for the government-owned National Power Corporation. The steam fields provide geothermal energy to the Tiwi and Mak-Ban power plants in Albay and Laguna-Batangas provinces. Those plants supply power to Luzon, the country's most populous island. Together, the generating capacity of the two geothermal plants is 637 megawatts.
Marketing and Retail
Chevron markets a full range of petroleum products in the Philippines under the Caltex brand name, including Caltex gasolines with Techron®, Power Diesel®, kerosene, jet fuel and fuel oil. Chevron also markets Caltex Havoline® and Delo® engine oils, along with other lubricating oils and greases.
We have a finished-products import terminal in San Pascual, Batangas. We also operate two other terminals, in Pandacan, Manila, and in Lapulapu, Cebu. In all, Chevron has 25 terminals as well as depots and sales offices throughout the country. Other Chevron facilities include a lubricants blending plant, a grease manufacturing plant and facilities for providing jet fuel to Ninoy Aquino International Airport.
Chevron runs a network of 863 service stations in the Philippines as well as 42 Xpress Lube® service centers. In December 2008, we introduced Caltex E10 with Techron, an ethanol-blended gasoline, to the Philippine market.
Updated: March 2009