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 2012 averaged 46,000 barrels of liquids and 122 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 the field. In 2012, net daily production averaged 26,000 barrels of liquids and 4 million cubic feet of natural gas.
- Chevron is joint operator of the Britannia Field, with a 32.4 percent interest. Britannia supplies a significant percentage of the United Kingdom's natural gas. In 2012, Britannia's net daily production averaged 3,000 barrels of liquids and 67 million cubic feet of natural gas.
- The Alba Field reached net daily production of 5,000 barrels of liquids in 2012. 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.
In 2012, a 4-D seismic survey over Alba was used to plan and drill three development wells. Development drilling is expected to continue beyond 2015.
At the Captain Field, six new wells, from platform and subsea locations, added a net average 5,000 barrels of crude oil per day in 2012. Continued development drilling is expected through 2018. A pilot study testing the use of polymer chemical injection for enhanced oil recovery is expected to continue through the first half of 2013.
At Britannia, work continues on the long-term compression project to increase production to install a low-pressure compression module to increase field recovery. Startup is expected in 2014.
About 17 miles (27 km) to the west of the Britannia Field, the Alder high-temperature, high-pressure oil and gas discovery is being evaluated as a potential subsea development. Chevron has a 70 percent interest in and is operator of the project. The maximum total daily production is expected to be 30,000 barrels of oil equivalent. A final investment decision is expected in late 2013.
About 47 miles (75 km) west of the Shetland Islands, the $7 billion Clair Ridge project is developing the Clair Field. The project is designed to have a capacity of 120,000 barrels of crude oil. Chevron holds a 19.4 percent nonoperated interest in the project. The procurement and fabrication phase of the project began in 2012. Production is scheduled to begin in 2016.
The Rosebank discovery is 80 miles (129 km) northwest of the Shetland Islands in 3,658 feet (1,115 m) of water. Chevron operates and holds a 40 percent interest in the project. Front-end engineering and design work began in July 2012. A final investment decision is expected in 2014. Maximum total daily production is expected to reach 64,000 barrels of liquids and 42 million cubic feet of natural gas.
Chevron continues to search for new resources on the U.K. continental shelf.
West of the Shetland Islands, an exploration well was drilled at the Aberlour prospect in the 40 percent-owned and operated license P1194. The well was unsuccessful. Applications for additional exploration acreage were submitted under the United Kingdom's 27th licensing round, which closed in May 2012.
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: April 2013