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34 Chevron Corporation 2010 Supplement to the Annual Report
Norway
Production Chevron holds a 7.6 percent nonoperated working
interest in the Draugen Field. Total daily average production in
2010 was 44,000 barrels of crude oil (3,000 net).
Exploration In 2010, Chevron processed data from a 2-D seismic
survey acquired over the PL 527 exploration license and began
evaluating options for a subsequent 3-D seismic survey. The 40
percent-owned and operated PL 527 license covers 891,423 acres
(3,609 sq km) within the deepwater portion of the Norwegian Sea.
In February 2011, Chevron relinquished its 40 percent nonoperated
working interest in the PL 397 license in the Barents Sea.
Poland
Exploration In February 2010, Chevron acquired an exploration
license for the Grabowiec shale gas concession in southeast
Poland, which complements the three other shale gas concessions
(Zwierzyniec, Krasnik and Frampol) held by the company. All the
licenses are 100 percent-owned and operated and comprise a total
of 1.1 million acres (4,433 sq km). The acquisition of 2-D seismic
data across the four licenses commenced in October 2010. The
data will be used to plan a multiwell drilling program expected
to start in late 2011.
Other Australia During 2010, the company announced a natural
gas discovery at the 50 percent-owned and operated Brederode
prospect in Block WA-364-P. At the end of 2010, proved reserves
had not been recognized for this discovery.
Europe
In Europe, the company is engaged in exploration and production
activities in Denmark, the Netherlands, Norway, Poland, Romania
and the United Kingdom. Net daily oil-equivalent production of
159,000 barrels during 2010 in these countries represented
about 6 percent of the companywide total.
Denmark
Chevron holds a 15 percent nonoperated working interest in the
Danish Underground Consortium (DUC). The DUC has interests in
15 Danish North Sea fields, of which 13 are producing.
Production Average total daily production in 2010 from the DUC
was 213,000 barrels of crude oil (32,000 net) and 775 million
cubic feet of natural gas (116 million net).
Development During 2010, four development wells were drilled
and completed in the Halfdan, Tyra and Valdemar fields. The
Halfdan Phase IV development is progressing, and production is
utilizing existing facilities. Installation of the new Halfdan facilities
were completed in 2010, with hook-up and tie-in planned for
second quarter 2011.
Exploration There were no significant exploration activities in
2010. Further appraisal of the Valdemar Field southern extension
is planned for second quarter 2011 to assess the viability of
broader development.
Netherlands
Chevron operates and holds interests in 10 blocks in the Dutch
sector of the North Sea. Five blocks, with a unitized interest of 34.1
percent, comprise the A/B Gas Project. The company also has inter-
ests ranging from 46.7 percent to 80 percent in three blocks that
contain producing fields, and in September 2010, Chevron acquired
a 60 percent interest in the P/1 and P/2 exploration blocks.
Production In 2010, average total daily production was 3,000
barrels of crude oil (2,000 net) and 97 million cubic feet of natural
gas (35 million net).
Development The second stage of the A/B Gas Project, the
B13 satellite development, is under construction. This stage is
composed of a pipeline laid in December 2010, an unmanned
platform planned to be installed in second quarter 2011 and four
wells planned to be drilled in third quarter 2011. First production
is expected in 2012.
Exploration The P/1 and P/2 Blocks contain several natural gas
discoveries. In late 2011, the first well since acquisition of the
P/2 Block is expected to commence drilling.
Upstream Europe
UNITED
KINGDOM
Strathspey
Clair
Rosebank
Jade
A/B
Erskine
Alba
DUC
Captain
Elgin/Franklin
Brodgar
Callanish
Valdemar
NORTH SEA
IRELAND
NETHERLANDS
FAROE
ISLANDS
GERMANY
DENMARK
SWEDEN
ICELAND
NORWAY
POLAND
ROMANIA
FINLAND
ESTONIA
BELARUS
UKRAINE
SERBIA
HUNGARY
SLOVAKIA
CZECH
REPUBLIC
AUSTRIA
SLOVENIA
ITALY
FRANCE
LATVIA
LITHUANIA
Shetland
Islands
Britannia
Alder
Tyra
Halfdan
Krasnik
Frampol
Zwierzyniec
Draugen
BALTIC
SEA
NORWEGIAN SEA
RUSSIA
PL 527
Grabowiec
Block 19
Barlad
Block
Block 17
Block 18
Chevron Interest Crude Oil Field Natural Gas Field