Exploration and Production
The East Coast Marine Area off the coast of Trinidad and Tobago is playing an important role in Chevron's global exploration and production program.
Chevron has a 50 percent nonoperated working interest in three blocks in the East Coast Marine Area, which includes the Dolphin and Dolphin Deep natural gas fields and the Starfish discovery. Chevron also has a 50 percent interest in the Manatee area of Block 6(d), which we operate.
For 2010, total daily production from the Dolphin and Dolphin Deep fields averaged 560 million cubic feet of natural gas (223 million net).
The Dolphin Field consists of a 13-well platform and produces primarily for the domestic supply. The Dolphin Deep field consists of two subsea wells, which are tied back to the Dolphin platform.
Chevron signed a sales agreement in 2007 to supply the domestic market with an additional 220 million cubic feet of natural gas per day. Drilling of five additional wells to supply gas for the new contract began on the Dolphin platform in late 2007. Facilities on the platform were also upgraded at that time. The wells began producing natural gas in 2009, and all five wells were completed by 2010.
In 2008, additional exploration drilling at the Dolphin Field resulted in a discovery.
In 2005, we successfully drilled an exploratory well in the Manatee Field in Block 6(d). This field is an extension of the six shallow gas sands discovered in Venezuela's Loran Field, just a few miles away. In 2007, an overarching treaty was signed by the governments of Venezuela and Trinidad and Tobago. In 2009, the two governments successfully completed negotiations for a Loran/Manatee field-specific treaty, which they signed in August 2010.
Pipelines
In 2006, Chevron and BG, its partner in the Dolphin Deep Field, completed a 60-mile (96-km) pipeline to transport produced natural gas from the Dolphin platform to the Beachfield gas processing facility on the southeast coast of Trinidad.
Marketing and Retail
In November 2010, Chevron announced the sale of its fuels marketing and aviation business in Trinidad and Tobago and 14 other Caribbean countries. All transactions are expected to close by the third quarter of 2011.
Updated March 2011