Chevron 2004 Annual Report Download - page 84

82 CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT
and฀changes฀in฀estimated฀discounted฀future฀net฀cash฀flows.฀The฀
Africa฀geographic฀area฀includes฀activities฀principally฀in฀Nigeria,฀
Angola,฀Chad,฀Republic฀of฀Congo฀and฀the฀Democratic฀Republic฀
of฀the฀Congo฀(sold฀in฀2004).฀The฀Asia-Pacific฀geographic฀area฀
includes฀activities฀principally฀in฀Australia,฀China,฀Kazakhstan,฀
the฀Partitioned฀Neutral฀Zone฀between฀Kuwait฀and฀Saudi฀Arabia,฀
Papua฀New฀Guinea฀(sold฀in฀2003),฀the฀Philippines,฀and฀Thailand.฀
The฀international฀“Other”฀geographic฀category฀includes฀activi-
ties฀in฀the฀United฀Kingdom,฀Canada,฀Denmark,฀the฀Netherlands,฀
Norway,฀Trinidad฀and฀Tobago,฀Colombia,฀Venezuela,฀Brazil,฀
Argentina,฀and฀other฀countries.฀Amounts฀shown฀for฀affili-
ated฀companies฀are฀ChevronTexaco’s฀50฀percent฀equity฀share฀of฀
TCO,฀an฀exploration฀and฀production฀partnership฀operating฀in฀
the฀Republic฀of฀Kazakhstan,฀and฀a฀30฀percent฀equity฀share฀of฀
Hamaca,฀an฀exploration฀and฀production฀partnership฀operating฀
in฀Venezuela.
Amounts฀in฀the฀tables฀exclude฀the฀cumulative฀effect฀
adjustment฀for฀the฀adoption฀of฀FAS฀143,฀“Asset฀Retirement฀
Obligations.”฀Refer฀to฀Note฀25฀on฀page฀77.

Consolidated Companies
United States International
Gulf of Total Asia- Total Affiliated Companies
Millions฀of฀dollars Calif. Mexico Other U.S. Africa Pacific Indonesia Other Int’l. Total TCO Hamaca

Exploration
Wells                       
Geological and
geophysical                       
Rentals and other                       
Total exploration                       
Property acquisitions
Proved2                       
Unproved                       
Total property
acquisitions                       
Development3                       
ARO Asset                       
             

Exploration
Wells $ – $ 415 $ 9 $ 424 $ 116 $ 43 $ 2 $ 72 $ 233 $ 657 $ – $ –
Geological and
geophysical – 16 23 39 75 9 5 30 119 158 – –
Rentals and other – 64 (20) 44 12 58 – 46 116 160 – –
Total exploration – 495 12 507 203 110 7 148 468 975 – –
Property acquisitions
Proved2 – 15 3 18 – 20 – 7 27 45 – –
Unproved – 30 3 33 51 6 – 14 71 104 – –
Total property
acquisitions – 45 6 51 51 26 – 21 98 149 – –
Development 264 434 350 1,048 974 605 363 461 2,403 3,451 551 199
 $ 264 $ 974 $ 368 $ 1,606 $ 1,228 $ 741 $ 370 $ 630 $ 2,969 $ 4,575 $ 551 $ 199

Exploration
Wells $ 25 $ 413 $ 39 $ 477 $ 131 $ 32 $ 16 $ 92 $ 271 $ 748 $ – $ –
Geological and
geophysical – 86 9 95 69 30 13 53 165 260 – –
Rentals and other – 30 5 35 29 37 1 43 110 145 – –
Total exploration 25 529 53 607 229 99 30 188 546 1,153 – –
Property acquisitions
Proved2 – 96 10 106 – – – – – 106 – –
Unproved – 48 3 51 6 2 – 1 9 60 – –
Total property
acquisitions – 144 13 157 6 2 – 1 9 166 – –
Development 221 475 395 1,091 661 593 424 926 2,604 3,695 447 353
 $ 246 $ 1,148 $ 461 $ 1,855 $ 896 $ 694 $ 454 $ 1,115 $ 3,159 $ 5,014 $ 447 $ 353
1 Includes costs incurred whether capitalized or expensed. Excludes general support equipment expenditures. See Note 25, FAS 143, “Asset Retirement Obligations,” on page 77.
2 Includes wells, equipment and facilities associated with proved reserves. Does not include properties acquired through property exchanges.
3 Includes $63 costs incurred prior to assignment of proved reserves.
Supplemental Information on Oil and Gas Producing Activities – Continued