Chevron's legacy in Venezuela dates back to the 1920s, and we currently participate in six onshore and offshore production projects in the country.
Chevron's production activities in Venezuela are performed by two affiliates in western Venezuela and another in the Orinoco Belt. We are partnered with Petróleos de Venezuela, S.A., Venezuela's national crude oil and natural gas company, on each of the projects.
In western Venezuela, Chevron participates in the nonoperated Petroboscan, S.A., and Petroindependiente, S.A., projects. Production consists of heavy and light crude oil, respectively. In eastern Venezuela, we are involved in the PetroPiar, S.A., operation, which produces extra-heavy crude oil and upgrades it into synthetic crude.
Chevron holds a natural gas license in Blocks 2 and 3 of Plataforma Deltana offshore Venezuela and was invited to participate in the country's first liquefied natural gas processing unit.
Our operations are accompanied by social investment projects that enable growth in the areas where we work. We also make significant contributions to education, health, social and cultural programs.
Updated: April 2013
Cautionary Statement