highlights of operations
Chevron is operating in the northeastern autonomous region within Iraq known as the Kurdistan Region of Iraq (KRI). We are exploring for energy that can help grow and sustain the local economy. The company currently has interests in the Sarta and Qara Dagh blocks.
The company is also actively investing in communities near where we operate. We have supported education and economic development initiatives while making substantial contributions for the care of internally displaced people and refugees.
exploration and production
Chevron is using advanced drilling technology to maximize the search for energy resources in the KRI.
Chevron operates and has a 50 percent interest in the Sarta production-sharing contract (PSC). The block covers an area of 90,000 net acres (363 sq km). We also have a nonoperated 40 percent interest in the 170,000 net acres (689 sq km) covered by the Qara Dagh PSC.
Complex geology in the KRI required state-of-the-art technology. To successfully drill the latest exploration well in the Sarta Block, Chevron utilized automated managed pressure drilling equipment and a new-generation logging-while-drilling formation testing tool.
A final investment decision for the Sarta Stage 1A project was made in January 2019. Site civil works and construction started in mid-2019, and first oil is expected in the second half of 2020. Chevron will operate the Sarta Block through 2021 and plans to transition to partner operations thereafter provided certain milestones are achieved.
An exploration well is planned in the Qara Dagh PSC for the third quarter of 2020.
in the community
Wherever we conduct business, we take seriously our role as neighbors in the communities near our facilities.
Since the very start of our work in the KRI in 2013, we have been committed to supporting communities in need and have engaged in several social investment projects.
To encourage local economic development, Chevron has donated 60 greenhouses to 30 farmers in eight villages in the Sarta Block area and provided training in new vegetable cultivation techniques. In addition, Chevron arranged for beekeeping equipment and training to be given to 50 families in local villages in the Qara Dagh Block area.
Chevron also donated seven wheat seed cleaning machines and three power generators to approximately 1,800 wheat farmers in the Sarta and Qara Dagh block areas.
To support education, Chevron has built a school in the Bardarash District and donated seven computer labs in the Bardarash District and Dara Shakran subdistrict.
Chevron supported the construction of three soccer pitches to promote social interaction, build positive relationships and help young athletes hone their soccer skills. We have also built five community halls in the Bardarash district and Dara Shakran subdistrict.
Since 2013, Chevron has donated more than $2.27 million, through nongovernmental organizations Save the Children and International Rescue Committee, to support Syrian refugees and internally displaced people in the KRI.
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