Chevron operates through four subsidiaries in the Philippines. Our two upstream companies are Chevron Malampaya LLC and Chevron Geothermal Services Company. Our downstream company 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 2012, net daily production averaged 120 million cubic feet of natural gas and 4,000 barrels of condensate.
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. Plans for the Malampaya Phase 2 project include drilling two new wells and adding a new depletion compression platform. The project is expected to be completed in 2014.
Geothermal
Chevron develops and produces steam energy for the third-party Tiwi and Mak-Ban geothermal power plants in southern Luzon. They have a combined generating capacity of 637 megawatts. In 2012, Chevron sold 60 percent of its interest in these geothermal operations in order to secure a 25-year geothermal operating contract with the Philippine government for the continued development and operation of the steam fields.
Chevron also has a 90 percent-owned and operated interest in the Kalinga geothermal prospect area in northern Luzon, which is under a 25-year renewable-energy service contract with the Philippine government. In 2012, we continued making geological and geophysical assessments. If successful, it could add an additional 100 megawatts of capacity to Chevron's geothermal portfolio.
Marketing and Retail
Chevron has about 800 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 Havoline® and Delo® engine oils, along with other lubricating oils and greases.
Chevron has 14 facilities in the Philippines, including major terminals, depots and sales offices. 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, the Asia-Pacific region, Europe and North America.
Updated: April 2013
Cautionary Statement