Exploration and Production
Chevron produces crude oil and natural gas from the U.K. North Sea. The company's total daily production in 2010 averaged 243,000 barrels of crude oil and natural gas liquids (64,000 net) and 1.05 billion cubic feet of natural gas (194 million net), with the majority of production coming from the following three fields:
- The Captain Field is operated by Chevron, which has an 85 percent interest in the field. In 2010, total daily production averaged 37,000 barrels of crude oil (32,000 barrels net) and 4 million cubic feet of natural gas (3.2 million net).
- 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, producing an average of 11,000 barrels of crude oil per day (4,000 net) and 276 million cubic feet of natural gas per day (89 million net) in 2010.
- The Alba Field reached total daily production of 28,000 barrels of crude oil in 2010 (7,000 net). Chevron's interest in the field, which we operate, is 23.4 percent.
Resource Development
Chevron expects to continue drilling programs at Captain through 2013 and at the Alba Field beyond 2013. At the Captain Field, six new wells added 13,000 net barrels of crude oil per day in 2010.
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. During 2010, the project began front-end engineering and design. A final investment decision is expected in 2012 with first production projected for 2014.
The Rosebank discovery is 81 miles (130 km) northwest of the Shetland Islands in 3,658 feet (1,115 m) of water. During 2010, seismic, geophysical, geotechnical and environmental surveys were conducted. Feasibility engineering studies are scheduled to continue through 2011. A final investment decision is planned for 2013.
The Clair Ridge project is the second phase of the nonoperated Clair Field development. Plans call for a bridge-linked twin structure with provisions for drilling, processing and living facilities. A final investment decision is expected in late 2011.
Exploration
Chevron continues to search out new resources on the U.K. continental shelf.
A three-well exploration and appraisal drilling program west of the Shetland Islands began in September 2010 and is expected to be completed in the fourth quarter of 2011. This program includes exploration wells on the 60 percent-owned and operated Lagavulin prospect and the 40 percent-owned and operated Aberlour prospect. Chevron has a 32.5 percent interest in the Cambo discovery and will be the operator for the Cambo drilling activities in 2011.
At the Clair Field, 3-D seismic data has been acquired and processed. Interpretation of the data from the southwest part of the field, over acreage previously awarded during the 25th licensing round, is ongoing.
Marketing and Retail
London is the regional headquarters for Chevron’s lubricants operation in Europe. Chevron lubricants are sold in the United Kingdom 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. Our products are sold directly and through a network of distributors.
The United Kingdom also is the headquarters of our international gas-to-liquids division.
Updated: September 2011
Cautionary Statement