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 also has been conducting an exploration study 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, Badamyar and Sein fields, within Blocks M5 and M6, in the Andaman Sea. Yadana is a key component of Myanmar’s energy security. Net daily natural gas production during 2018 averaged 98 million cubic feet.

The Badamyar Low Compression Platform expansion project in Block M5 was brought on line in May 2017. It is designed to maintain production from the Yadana Field by lowering wellhead pressure.

The company also has a 28.3 percent nonoperated interest in a pipeline company that transports 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 Myanmar 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.

Seismic processing and interpretation of data acquired from a 3-D seismic survey in Block A5 continued in 2018. Chevron has a 55 percent-owned and operated interest in Blocks A5 and AD3.

In support of offshore exploration activities for Block A5, Chevron has consulted with local communities, contractors and other stakeholders. As part of that engagement, an Initial Environmental Examination was completed and approved. An operations-level grievance mechanism was established and provided Chevron with community feedback, concerns and grievances related to our work. The mechanism was developed based on international best practice and provided a detailed process for submission, investigation and resolution of grievances. The mechanism was available in the Myanmar language and actively shared with the local communities and government and interested stakeholders. All feedback and grievances received were addressed and closed out in a timely manner.

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.

improving access to health care

Since 2003, Chevron has supported the Non-Government Organization (NGO) Pact to provide health and economic development programs in the Dry Zone of Myanmar. These programs have impacted the lives of more than 1.25 million people through the establishment of more than 1,400 Village Development Funds that have expanded access to health care, sanitation and electricity and provided microfinance training for women.

Pact’s health programs and the Sustainable Health Improvement and Empowerment (SHINE) program trained more than 12,400 village-based volunteers, known as change agents, who now serve as health volunteers and village development fund managers. Of these change agents, 9,200 health volunteers were specially trained to detect, refer and treat cases of tuberculosis, malaria and childhood illnesses.

To improve livelihood opportunities, SHINE facilitated a savings-led empowerment program, called WORTH, in which almost 15,500 women met weekly in savings groups. Through WORTH, participants gain access to financing to expand or develop mircoenterprises and receive training about entrepreneurship, loans and savings.

Chevron is supporting a project with Jhpiego, an international NGO affiliated with Johns Hopkins University, to advance the Ministry of Health and Sports’ efforts to expand Learning and Performance Improvement Centers (L&PIC) to remote and rural areas of Myanmar. When implemented, the two L&PIC stations can provide on‐site skills practice and skills assessment to doctors, nurses, midwives and other health staff in rural and remote areas.

improving access to renewable energy

A key priority for Myanmar is electrifying the country. Chevron supported Pact to deliver the Ahlin Yaung program, which built community governance structures, provided loans for solar home systems and promoted entrepreneurship skills to improve access to renewable energy in rural Myanmar. The program has helped supply solar-powered lights to more than 10,000 households and connected more than 240,000 people to energy through solar home systems and electrified communal locations. Small business owners are reporting greater productivity and efficiencies in their operations, while children are enjoying extended hours of education through improved energy access.

enabling education

Chevron, through the American Chamber of Commerce, contributes to a scholarship fund that provides financial support for outstanding university students from disadvantaged backgrounds.

Since 2014, the fund has granted 35 scholarships to students majoring in a range of subjects, including anthropology, botany, chemistry and public administration.

comprehensive socioeconomic program at yadana

Over the past 20 years, Chevron has joined efforts with our joint venture partner, TOTAL, to support health and social programs that have significantly improved the quality of life of communities living along the Yadana Pipeline area.

Under this program, we provide funding for community development, education and skills development, public health improvement, agriculture and veterinary development, infrastructure, micro-finance, environment conservation and access to renewable energy. About 45,000 people in 33 villages have benefited from the program through free health care and vaccinations, and more than 1 million medical consultations were conducted.

Chevron also partners with TOTAL on a national program that focuses on blindness prevention, road safety and education and skills development. More than 400,000 people have received cataract surgery.

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. 

In 2015, Myanmar experienced some of the worst flooding in decades with more than 1.5 million people affected across 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.

contact

contact

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

CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This Website contains forward-looking statements relating to Chevron’s operations that are based on management’s current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,” “objectives,” “strategies,” “opportunities,” “poised” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward- looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date posted on this Website. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and expenditure reductions; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company's suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats and terrorist acts, crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries, or other natural or human causes beyond its control; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from other pending or future litigation; the company’s future acquisition or disposition of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government-mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 21 of Chevron’s 2018 Annual Report on Form 10-K. Other unpredictable or unknown factors not discussed on this Website could also have material adverse effects on forward-looking statements.