on activities in Venezuela are performed by two affiliates in western Venezuela and one affiliate in the Orinoco Belt. The company has a 30 percent interest in the Petropiar affiliate that operates the Hamaca heavy oil production and upgrading project located in Venezuela’s Orinoco Belt under an agreement expiring in 2033. Petropiar drilled 41 development wells in 2015. The company also holds a 39.2 percent interest in the Petroboscan affiliate that operates the Boscan Field in western Venezuela and a 25.2 percent interest in the Petroindependiente affiliate that operates the LL-652 Field in Lake Maracaibo, both of which are under agreements expiring in 2026. Petroboscan drilled 30 development wells in 2015. The company also holds a 34 percent interest in the Petroindependencia affiliate, which includes the Carabobo 3 heavy oil project located within the Orinoco Belt. Africa In Africa, the company engages in upstream activities in Angola, Democratic Republic of the Congo, Liberia, Mauritania, Morocco, Nigeria and Republic of Congo. Angola: The company operates and holds a 39.2 percent interest in Block 0, a concession adjacent to the Cabinda coastline, and a 31 percent interest in a production-sharing contract (PSC) for deepwater Block 14. The concession for Block 0 extends through 2030 and the development and production rights for the various producing fields in Block 14 expire between 2023 and 2028. In addition, the company has a 36.4 percent interest in Angola LNG Limited. Mafumeira Sul, the second development stage for the Mafumeira Field in Block 0, has a design capacity of 150,000 barrels of liquids and 350 million cubic feet of natural gas per day. Angola LNG Limited operates an onshore natural gas liquefaction plant in Soyo, Angola. The plant has the capacity to process 1.1 billion cubic feet of natural gas per day, with expected average total daily sales of 670 million cubic feet of natural gas and up to 63,000 barrels of NGLs. The company also holds a 38.1 percent interest in the Congo River Canyon Crossing Pipeline project that is designed to transport up to 250 million cubic feet of natural gas per day from Block 0 and Block 14 to the Angola LNG plant Angola-Republic of Congo Joint Development Area: The company operates and holds a 31.3 percent interest in the Lianzi Unitization Zone, located in an area shared equally by Angola and Republic of Congo. The Lianzi Project has a design capacity of 46,000 barrels of crude oil per day. Democratic Republic of the Congo: The company has a 17.7 percent nonoperated working interest in an offshore concession. Republic of Congo: The company has a 31.5 percent nonoperated working interest in the offshore Haute Mer permit areas (Nkossa, Nsoko and Moho-Bilondo). The licenses for Nsoko, Nkossa, and Moho-Bilondo expire in 2018, 2027 and 2030, respectively. The company has a 20.4 percent nonoperated working interest in the Haute Mer B permit area offshore Republic of Congo. Liberia Chevron operates and holds a 45 percent interest Blocks LB-11, LB-12 and LB-14 off the coast of Liberia. Liberia: The company operates and holds a 45 percent interest Blocks LB-11, LB-12 and LB-14 off the coast of Liberia. Sierra Leone: In 2015, the company relinquished its two deepwater blocks off the coast of Sierra Leone. Mauritania: In 2015, the company acquired a 30 percent nonoperated working interest in the C8, C12 and C13 contract areas offshore Mauritania. In 2015, a deepwater exploration well was drilled to test the Marsouin prospect in Block C8 and resulted in a natural gas discovery. The company is evaluating whether to retain its working interest in the contract areas. Morocco: The company operates and holds a 75 percent interest in three deepwater areas offshore Morocco. The acquisition of Block Cap Rhir Deep 3-D seismic data was completed in 2015. Nigeria: The company holds a 40 percent interest in eight operated concessions, in the onshore and near-offshore regions of the Niger Delta. The company also holds acreage positions in three operated and six nonoperated deepwater blocks, with working interests ranging from 20 percent to 100 perc
chevron corp (CHTEX:Euronext Amsterdam)
6001 Bollinger Canyon Road
San Ramon, CA 94583
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