highlights of activities
Chevron is one of the leading private oil companies in Venezuela and our legacy dates back to the Boscan Field discovery in the 1920s.
Delivering energy requires working with trusted partners who succeed when we succeed. Today we participate in five onshore and offshore production projects in the country. Chevron works in partnership with affiliates of Petróleos de Venezuela (PDVSA), Venezuela’s national oil company, in four joint-venture operations in western and eastern Venezuela. Three of these are heavy or extra-heavy crude oil projects.
operations in venezuela
onshore and offshore production projects
partnering in venezuela
joint-venture operations with PDVSA
focus on heavy crude
heavy or extra-heavy crude oil projects
Chevron and its partners have historically made significant capital investments in Venezuela, helped develop the national workforce and promoted the use of local resources.
Chevron made important technological contributions by bringing our most effective methods to the Venezuelan oil industry.
exploration and production
We participate in the following projects in Venezuela.
- Operated by Petroboscán, S.A., a joint venture with PDVSA
- 39.2 percent Chevron interest
- Boscan Field
- State of Zulia, western Venezuela
- Operated by Petroindependiente, S.A.
- 25.2 percent Chevron interest
- LL-652 Field
- Lake Maracaibo
- Nonoperated joint venture with PDVSA through Petropiar, S.A.
- 30 percent Chevron interest
- Orinoco Belt
- This vertically integrated project processes extra-heavy crude oil from the Huyapari Field and upgrades it to a lighter, higher-value synthetic oil.
- Operated by Petroindependencia, S.A.
- 34 percent Chevron interest
- Carabobo 3 Project
- This heavy oil project is in three blocks within the Carabobo area of the Orinoco Belt.
- Block 2 offshore Venezuela
- 60 percent Chevron interest
- The Loran Field in Block 2 and the Manatee Field in Trinidad and Tobago form a single cross-border field along the maritime border of Venezuela and Trinidad and Tobago.
in the community
Our social investment strategy aims to strengthen local communities with programs that deliver measurable and sustainable results. Our efforts are focused on three core areas: health, education and economic development.
Since 2007, Chevron’s social investment contributions in Venezuela totaled more than $108 million. Chevron implements social investment projects in four out of five states in Venezuela that have been identified as priority areas for basic human needs according to the United Nations Humanitarian Venezuela Response Plan 2019. Every year, approximately 45,000 Venezuelans directly benefit from Chevron health, education and economic development programs.
In 2019 and 2020, Chevron invested $5 million in programs selected in consultation with a variety of local and international organizations, in alignment with the United Nations Humanitarian Response Plan and complimentary to USAID programs. Programs are being executed in partnership with long-established and reliable implementing partners, such as the Red Cross International and the Pledge for Venezuela. The programs are aimed at providing vulnerable communities with access to potable Water, Sanitation and Hygiene (WASH program), medical support, and nutrition.
Chevron promotes health care programs in the communities where we operate.
- Chevron supports organizations to provide free cleft and lip palate surgeries. This has benefited more than 5,000 children and adults with cranial malformations often caused by malnutrition. Chevron employee volunteers have been key supporters, helping provide a range of services to patients and their families throughout the treatment process. They have helped parents fill out medical forms, served as translators, taken children to recreational activities and donated toys and clothes.
- Chevron is targeting malnutrition with substantial support for a new two-year initiative implemented at seven schools in Anzoátegui State near Chevron/PDVSA’s Petropiar operations. Over 1,400 students, and 127 teachers and staff receive nutritional supplements, medical attention for high-risk malnutrition cases, and support for small scale agricultural projects.
- Chevron completed the rehabilitation of two water wells in Anzoategui State to improve access to potable water to a community of ten thousand inhabitants. Chevron aims to continue to add water wells in subsequent years.
Education is the foundation for sustainable development. Since 2005, Chevron has worked with Venezuela’s Ministry of Education to expand resources and opportunities for educators and students ranging from elementary to post graduate studies.
- Chevron supports the “Aula 20” teacher training program, which uses internet and media technology to teach math, reading and writing. It has been deployed at schools in Anzoátegui, Miranda, Monagas, Sucre and Zulia states benefitting about 14,000 students yearly.
- Chevron’s partnership with the Venezuelan American Friendship Association began 15 years ago. This program provides university scholarships nationwide to socio-economically disadvantaged students through the Pro Excellence Program, which includes mentoring, specialized training based on the United Nations skills and competencies, and English language skills.
Chevron partners with local nongovernmental organizations (NGOs), as permitted by applicable law, to build capacity and self-sufficiency while promoting economic development in the communities where we have operations.
- Chevron has been supporting the Emprered and Empremujer entrepreneurship programs since 2004. Between 2006‐2016, the programs provided almost 10,000 women located in five states with training on how to start and run small businesses. In addition, the “Dressed for Dreams” program provides training in the craft of sewing to low-income women and victims of violence.
- The “Knitting Hope” project strengthens the earning power of indigenous Warao artisans in Delta Amacuro state who create fair trade export quality baskets, hammocks, and jewelry. Since 2009, more than 240 entrepreneurs each year have received training in craft techniques and marketing.
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