Exploration and Production
Chevron, through our subsidiary Chevron North Sea Limited, produces crude oil and natural gas from the U.K. North Sea. Net daily production in 2013 averaged 40,000 barrels of liquids and 94 million cubic feet of natural gas. The majority of production comes from three fields:
- The Captain Field is operated by Chevron, which has an 85 percent interest. In 2013, net daily production averaged 25,000 barrels of liquids and 3 million cubic feet of natural gas.
- Chevron is joint operator of the Britannia Field, with a 32.4 percent interest. In 2013, Britannia’s net daily production averaged 2,000 barrels of liquids and 54 million cubic feet of natural gas.
- The Alba Field reached net daily production of 4,000 barrels of liquids in 2013. Chevron’s interest in the field, which we operate, is 23.4 percent.
Chevron continues to launch projects designed to sustain production and increase recovery at the Alba, Britannia and Captain fields.
Development drilling is expected to continue at Alba beyond 2018 and at Captain through 2020. Also at Captain, we are conducting a pilot study to test the use of polymer chemical injection for enhanced oil recovery. We are analyzing test results and evaluating concept alternatives for full field development.
At Britannia, work continues on a project to install a low-pressure compression module to increase field recovery. Startup is expected in the third quarter of 2014.
The Alder high-pressure, high-temperature gas condensate discovery is about 17 miles (27 km) west of the Britannia Field. Development plans call for a single subsea well tied back to the existing Britannia Platform. Chevron has a 73.7 percent interest in and is operator of the project and made the final investment decision on Alder in late 2013. The project has a design capacity of 14,000 barrels of condensate and 110 million cubic feet of natural gas per day, with first production expected in 2016.
About 47 miles (75 km) west of the Shetland Islands, the $7 billion Clair Ridge project is further developing the Clair Field. The project is designed to have a capacity of 120,000 barrels of crude oil and 100 million cubic feet of natural gas per day. Chevron holds a 19.4 percent nonoperated interest in the project. The procurement and fabrication phase of the project continued in 2013. Production is scheduled to begin in 2016.
The Rosebank discovery is 80 miles (129 km) northwest of the Shetland Islands in 3,700 feet (1,115 m) of water. Chevron operates and holds a 40 percent interest in the project and is assessing alternatives for the optimum development of the field.
Chevron continues to search for new resources on the U.K. continental shelf.
West of the Shetland Islands, an exploration well was drilled in License P1189, and results are being evaluated. In License P1191, 3-D seismic data has been collected to map the area southwest of the Rosebank Field. In the North Sea, an exploration well to further delineate the southern extension of the Jade Field was drilled in the second half of 2013. The results are being studied, and if they are successful, the well is expected to be completed for immediate production.
Chevron sold its 67 percent working interest in the Strathspey Field in July 2013.
Marketing and Retail
London is the regional headquarters for Chevron’s lubricants operation in Europe. Our downstream business in the United Kingdom is conducted through our subsidiary Chevron Products UK Limited. Chevron lubricants are sold under the Texaco® brand, along with Havoline® motor oils, Ursa® commercial motor oils and Techron® fuel system cleaners. We also sell marine lubricants and fuels. We sell our products directly and through a network of distributors.
Updated: May 2014