Chevron 2005 Annual Report Download - page 19

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Drilling for Success
The Unocal acquisition paired Chevron with a unique independent petroleum company with super-
major assets. Unocal not only had a portfolio of major upstream assets and prospects, but it also
had developed some of the most advanced drilling and completion techniques in the industry. The
combination of the two companies enhances Chevron’s position in the fast-growing and strategic
Asia-Pacifi c region. It further strengthens our U.S. Gulf of Mexico profi le with Unocal’s important
deepwater discoveries and promising exploration acreage. And it reinforces our standing as a lead-
ing oil company in the Caspian region.
Unocal brings to Chevron a strong record of applying the innovation of its people with leading-edge technologies. Its technical
expertise and capabilities span the range of oil and gas activities — from advanced 3-D seismic imaging to reservoir surveillance to
the design of world-class production facilities. Its drilling teams are considered among the best in the industry at working success-
fully in some of the most diffi cult environments in the world, including the deepwater U.S. Gulf of Mexico, Indonesia and Thailand.
COMBINING TECHNOLOGY AND INNOVATION
17