highlightsofoperations

highlights of operations

For more than 20 years, Chevron, through its subsidiary Unocal Myanmar Offshore Co., Ltd., has worked with partners in Myanmar to spur economic growth and development.

Chevron’s nonoperated investment in Myanmar’s Yadana natural gas project is helping to support energy security in Southeast Asia. 

Chevron is also conducting exploration in Block A5, applying our expertise and technology to further develop Myanmar’s emerging energy sector.

Our social investments in Myanmar focus on supporting community development through improving access to health care; initiating funds for communities to invest in renewable energy; strengthening local governance; promoting sustainable livelihoods; and enabling education and training opportunities.

businessportfolio

business portfolio

In Myanmar, Chevron does business through its subsidiary Unocal Myanmar Offshore Co., Ltd. Chevron has a 28.3 percent nonoperated working interest in a production sharing contract (PSC) for the production of natural gas from the Yadana and Sein fields, within Blocks M5 and M6, in the Andaman Sea. Yadana is a key component of Myanmar’s energy security, with total daily natural gas production during 2015 averaging 117 million cubic feet.

The Badamyar Low Compression Platform (LCP) is an expansion project in Block M5 to maintain production from the Yadana Field by lowering wellhead pressure. The project includes a compression platform, a remote wellhead platform and four development wells in the Badamyar Field. In 2015, progress was made on fabrication work. First production is expected in 2017. 

The company also has a 28.3 percent nonoperated ownership in a pipeline company that transports most of the natural gas from the Yadana offshore facilities to the Myanmar-Thailand border for final delivery to power plants in Thailand. The remaining volumes are dedicated to the Myanmar market. Other partners in the gas field and pipeline include Thailand’s state-run PTT Exploration and Production PLC and the government-owned Myanma Oil and Gas Enterprise (MOGE).

In 2015, Chevron signed a PSC with MOGE to explore for oil and gas in Block A5 in the offshore Rakhine Basin. The PSC covers 2.6 million net acres (10,500 sq km). The company holds a 99 percent interest in and operates this block. We completed a 3-D seismic survey in December 2015.

In support of exploration activities, Chevron has begun engaging with local communities, contractors and other stakeholders. As part of that engagement, an Initial Environmental Examination was completed. An operational-level grievance mechanism was established to provide Chevron with community feedback, concerns and grievances related to our work. The mechanism is based on international best practice and provides a detailed process for submission, investigation and resolution of grievances. The mechanism is in the Myanmar language and is actively shared with local communities and government stakeholders.

inthecommunity

in the community

For two decades, we have supported the people of Myanmar in developing sustainable solutions for their health, governance and economic vitality. Our social investments in Myanmar span three focus areas—improving access to health care, promoting sustainable livelihoods and enabling education and training opportunities. We have also supported disaster relief efforts, including the devastating floods in 2015.

improving access to health care

Chevron supports the Sustainable Health Improvement and Empowerment (SHINE) project in the Dry Zone region of Myanmar. Implemented in long-term partnership with the nongovernmental organization Pact, the project empowers communities to adopt behaviors to improve their health and increase access to job and small business development opportunities. Built on a dozen years of successful partnership between Pact and Chevron, the project has benefited more than 1.2 million people (half of whom are female), reaching 1,476 villages across 13 townships in Myanmar.

access to energy

A key priority for Myanmar is electrifying the country; currently, about 75 percent of the population does not have electricity at home. Beginning in 2015, Chevron and Pact partnered on the new Ahlin Yaung (Light) project to improve access to renewable energy in rural Myanmar. The two-year project aims to provide access to electricity for 20,000 households representing approximately 100,000 people living in rural areas of Central Myanmar. Using the same community funding model developed in the SHINE project, households will be able to access low-interest financing to purchase solar home systems.

enabling education and training opportunities

Through the American Chamber of Commerce, Chevron is contributing to an annual scholarship fund that provides financial support for students at the University of Yangon. Eligible recipients are undergraduate students from underprivileged backgrounds who have demonstrated outstanding academic achievements and potential.

Since 2014, the fund has granted approximately 60 scholarships to Myanmar university students majoring in a range of subjects, including anthropology, botany, chemistry, computer science, English, history, international relations, law, mathematics and physics.

comprehensive socioeconomic program at yadana

Over the past 20 years, Chevron has contributed to a social investment program with our joint venture partner Total to support health and social endeavors that have significantly improved the quality of life of communities living along the Yadana Pipeline Corridor.

Under this program, we provide support for community development and communication, education and vocational training, health improvement, agriculture, veterinary medicine, infrastructure, microfinance initiatives and renewable energy.

disaster relief

When major disasters have struck Myanmar, Chevron has been there to provide relief. In 2008, Cyclone Nargis struck the country, affecting 2.4 million people in 37 townships. In response, Chevron contributed $2 million to the Red Cross, the International Organization for Migration, the Mercy Corps, Pact and Save the Children. 

From June through August 2015, Myanmar experienced one of the worst floods in decades. More than 1.5 million people suffered from widespread flooding that spanned the country. Chevron responded with $150,000 in donations—$75,000 to the American Red Cross for immediate relief efforts and $75,000 to Pact for long-term recovery efforts.

contactus

contact us

Unocal Myanmar Offshore Company Limited (UMOCL)
Chevron Myanmar
Yangon, 11181, Myanmar
Yangon General Post Office
PO Box 963
Telephone: +95.9.78.131.2824
Email: blockA5@chevron.com

disclosure;forward-lookingstatements

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