highlights of operations
Chevron is working to discover new energy in New Zealand. Operations are currently focused on three exploration permits located offshore in the Pegasus and East Coast basins.
The company has also been an active member of the community, supporting initiatives that promote advances in health, safety and education.
Our subsidiary Chevron New Zealand Exploration Ltd. operates our upstream business in New Zealand.
In April 2015, Chevron became operator of three exploration permits located offshore New Zealand, in the East Coast and Pegasus basins. The deepwater permits cover roughly 6.4 million total acres (25,252 square km). Chevron has a 50 percent interest in the permits, or 3.2 million net acres (13,014 sq km).
The permits are located approximately 100 miles (161 km) east of Wellington in water depths ranging from 2,600 feet (800 m) to more than 9,800 feet (3,000 m).
During the initial stages, we will study the geological characteristics of the area by collecting data through geochemical, geotechnical, bathymetric and seismic surveys. Acquisition of 3-D seismic data is scheduled to begin late 2016 at the earliest.
marketing, retail and refining
The fuels and lubricants businesses, including our network of Caltex® service stations, have been conducted by our downstream subsidiary, Chevron New Zealand. Consumers throughout New Zealand are familiar with Chevron’s Caltex® brand, which first entered the local market in 1936. On May 31, 2016, Chevron completed the sale of Chevron New Zealand to Z Energy Limited, a locally owned energy company. The Caltex® brand will remain in the New Zealand market through a licensing agreement with Z Energy Limited for an agreed period. Our Caltex® lubricant products will still be available in the country through Z Energy Limited as authorized distributor.
Chevron has established itself as a leader in safely exploring for oil and natural gas in deepwater environments. Our work off the coast of New Zealand is in the early stages.
In mid-2015, data from a multibeam sonar survey was collected as part of a larger program by the National Institute of Water and Atmospheric Research’s (NIWA) to map the seafloor off New Zealand’s east coast. In late 2015, Chevron engaged New Zealand’s Fugro-BTW Ltd to conduct a seafloor sampling program.
The sampling program, which involved the use of New Zealand’s NIWA vessel the RV Tangaroa, will enable a better understanding of the permit areas. The data will help characterize naturally occurring hydrocarbon seeps and identify potential hydrocarbon-bearing rocks.
in the community
Chevron supports health, education and public safety initiatives in New Zealand.
Chevron has supported the work of Starship Children’s Health through the Starship Foundation for several years. The company provided the nation’s largest children’s hospital with fuel, and we sponsor fundraising events year-round. In 2013, we joined Starship’s Safekids program in a campaign to publicize new child booster seat laws. The campaign sent information packets to every primary school in New Zealand. In 2014, our Swipe for Starship campaign helped raise more than $75,000 in one week to pay for improvements to the operating rooms at the 21-year-old facility. In 2015, the campaign raised more than $75,000 toward the future upgrade of two of the hospital’s pediatric wards.
Chevron has also worked with the New Zealand Transport Agency and the Automobile Association to start a driver training program aimed at youth who don’t have access to driver training materials and vehicles. The goal is to give students the safe driving skills needed to obtain a restricted driver’s license. This license allows them to drive alone, which is a major benefit to young drivers in rural communities because it increases their independence and ability to seek employment. This program is now operating in six communities around the country with great success and was recognized in 2015 when it won the Deloitte Energy Excellence Award – Community Initiative of the Year.
Chevron, through its Caltex® brand, was an official partner for Students Against Dangerous Driving (SADD) in 2014 and 2015. For more than 30 years, SADD has provided support and resources for peer-to-peer education about the importance of safe driving practices. Active in more than 750 schools nationwide, SADD continues to be an integral part of communities by providing youth leadership and guidance around driving and empowering youths to speak up when they see unsafe behavior.
In 2015, Chevron expanded its Fuel Your School™ program, kicking off a new campaign. More than $75,000 was raised for grants that support science, technology, engineering and mathematics curriculum. The grants will help nearly 30 local schools and their communities in a variety of projects into the foreseeable future.
Marine mammal observers course
Chevron contributed funds for the Marine Mammal Observers and Passive Acoustic Monitoring course in 2015. This course, organized by the Petroleum Exploration and Production Association New Zealand, encourages iwi people; the Māori people of New Zealand, a key stakeholder group for Chevron New Zealand Exploration Ltd., to participate more fully in the country’s oil and gas sector. The course provides 16 candidates with training for future employment on planned seismic acquisition programs. It also meets the requirements of the government’s Code of Conduct for Minimising Acoustic Disturbance to Marine Mammals from Seismic Survey Operations. When possible, Chevron will encourage our contractors to hire course graduates as marine mammal observers.
We plan to continue supporting local communities where Chevron operates through community partnerships and sponsorship opportunities.
record of achievement
Chevron has been operating in New Zealand since 1920, first as Texaco, then as Caltex® New Zealand and until May 31, 2016, as Chevron New Zealand.
In 2008, the company moved corporate headquarters from Wellington to Auckland to be closer to customers and business partners.
In December 2014, we announced that our New Zealand upstream subsidiary, Chevron New Zealand Exploration Ltd., became operator of three permits located east of Wellington in the Pegasus and East Coast basins.
Protecting the health and safety of our workforce is a core Chevron value. As of the end of 2015, our employees had recorded no days away from work due to injury since June 2004, and our contractors, since mid-2009. That is equivalent to more than 2.7 million hours of safe work for the entire workforce.
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