Going back as far as 1924, our lubricants—then under the Texaco® brand—were sold throughout what was known as Indochina. By the 1950s, Caltex® gasoline, diesel fuel and kerosene were being imported at a modern terminal in Saigon, now Ho Chi Minh City. After a hiatus of 19 years, we returned to Vietnam in the 1990s to renew product sales and begin exploration activities.
We launched our exploration efforts in Vietnam in 1996 by signing our first production-sharing contract with Vietnam's national oil company, PetroVietnam.
Since then, we have been involved in successfully testing four geological trends—areas that indicate the potential for hydrocarbons that can be developed. These trends are Kim Long in 1997, Ca Voi and Ac Quy in 2000, and North Kim Long in 2008.
Initial exploration was conducted by Unocal, whose interests were acquired by Chevron as part of a corporate merger in 2005.
Our wholly owned subsidiary Chevron Lubricants Vietnam Ltd. began operations in 1998. Its lubricants and oil blending plant in Haiphong opened in 1999.
Updated: April 2013
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