Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


August 05, 2015 6:57 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Union Oil Company of California, Inc.

Company Overview

Union Oil Company of California, Inc. explores, produces, transports, and markets crude oil and natural gas. It also manufactures and markets specialty minerals, chemicals, and geothermal resources. The company was founded in 1890 and is based in San Ramon, California. Union Oil Company of California, Inc. operates as a subsidiary of Unocal Corporation.

6001 Bollinger Canyon Road

San Ramon, CA 94583

United States

Founded in 1890

Key Executives for Union Oil Company of California, Inc.

Chairman and Chief Executive Officer
Age: 66
Vice President and Comptroller
Age: 66
Compensation as of Fiscal Year 2015.

Union Oil Company of California, Inc. Key Developments

Statoil and Union Oil Company of California Sanction Stampede Development in the Gulf of Mexico

Statoil, together with co-owners in the Stampede development in the Gulf of Mexico announced it has sanctioned this project. Statoil has decided to invest USD 1.5 billion in the Stampede development in the U.S. Gulf of Mexico, which is expected to begin production in 2018. Statoil owns 25% of Stampede, which is operated by Hess. Stampede, a new project named from unitizing the former discoveries of Knotty Head and Pony, is located approximately 350 kilometers (215 miles) from New Orleans, Louisiana at a water depth of more than 1,000 meters (3,500 feet). The reservoir depth is 9,100 meters (30,000 feet). Stampede consists of Green Canyon Blocks 468, 511 and 512. Statoil estimates the reservoir contains approximately 350 million barrels of recoverable oil. Stampede's development plan calls for six subsea production wells and four water injection wells from two subsea drill centers tied back to a tension leg platform. Gross topsides processing capacity for the project is approximately 80,000 barrels of oil per day and 100,000 barrels of water injection capacity per day. Statoil's co-owners in Stampede include Union Oil Company of California. The total Stampede development is expected to cost $6 billion.

Similar Private Companies By Industry

Company Name Region
High Sierra Energy, LP United States
North Carolina Power Holdings LLC United States
Patterson Petroleum LP, LLLP United States
Taloil Biofuels AB United States
Clearfork Resources, LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Union Oil Company of California, Inc., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.