nge from 62 percent to 92.5 percent. In addition, the company holds a 25 percent nonoperated working interest in Block B in the South Natuna Sea. Net oil-equivalent production in 2015 averaged 207,000 barrels per day, composed of 176,000 barrels of liquids and 185 million cubic feet of natural gas. The Duri Field Area 13 steamflood expansion was completed in 2015 with all wells on production and injection by year-end. The Rokan PSC expires in 2021. The company’s interest is 62 percent. The other project, Gendalo-Gehem, has a planned design capacity of 1.1 billion cubic feet of natural gas and 47,000 barrels of condensate per day. The company's interest is approximately 63 percent. In West Java, the company operates the Darajat geothermal field and holds a 95 percent interest in two power plants. The field supplies steam to a power plant with a total operating capacity of 270 megawatts. The company also operates and holds a 100 percent interest in the Salak geothermal field in West Java, which supplies steam to a six-unit power plant, three of which are company owned, with a total operating capacity of 377 megawatts. Myanmar: The company has a 28.3 percent nonoperated working interest in a PSC for the production of natural gas from the Yadana and Sein fields, within Blocks M5 and M6, in the Andaman Sea. The PSC expires in 2028. The company also has a 28.3 percent nonoperated interest in a pipeline company that transports most of the natural gas to the Myanmar-Thailand border for delivery to power plants in Thailand. The Badamyar-Low Compression Platform is an expansion project in Block M5 designed to maintain production from the Yadana Field by lowering wellhead pressure. Fabrication activities progressed in 2015 with first production expected in 2017. In 2015, the company signed a PSC to explore for oil and gas in Block A5. The company holds a 99 percent interest in and operates this block. A 3-D seismic survey was completed in December 2015. Philippines: The company holds a 45 percent nonoperated working interest in the Malampaya natural gas field, offshore Palawan. Net oil-equivalent production in 2015 averaged 23,000 barrels per day, composed of 122 million cubic feet of natural gas and 3,000 barrels of condensate. The Malampaya Phase 2 Project was completed in September 2015. The company holds a 40 percent interest in an affiliate that develops and produces geothermal steam resources in southern Luzon, which supplies steam to third-party power generation facilities with a combined operating capacity of 692 megawatts. The renewable energy service contract expires in 2038. The company also has an interest in the Kalinga geothermal prospect area in northern Luzon. Thailand: The company holds operated interests in the Pattani Basin, located in the Gulf of Thailand, with ownership ranging from 35 percent to 80 percent. Concessions for producing areas within this basin expire between 2020 and 2035. The company also has a 16 percent nonoperated working interest in the Arthit Field located in the Malay Basin. Concessions for the producing areas within this basin expire between 2036 and 2040. Net oil-equivalent production in 2015 averaged 238,000 barrels per day, composed of 66,000 barrels of crude oil and condensate and 1 billion cubic feet of natural gas. In the Pattani Basin, the development concept of the 35 percent-owned and operated Ubon Project includes facilities and wells to develop resources in Block12/27. The company continues to assess alternatives for the optimum development of the Ubon Field. During 2015, the company drilled three exploration and three delineation wells in the Pattani Basin. In addition, two exploration wells were drilled in the Arthit Field. The company also holds exploration interests in the Thailand-Cambodia overlapping claim area that are inactive, pending resolution of border issues between Thailand and Cambodia. Vietnam: In 2015, the company completed the sale of its entire interest in Vietnam, which included a 42.4 percent working interest in Blocks B and 48/95, a 43.4 percent working interest in Block 52/97, and a 28.7 percent nonoperated interest in a
chevron corp (CHTEX:Euronext Amsterdam)
6001 Bollinger Canyon Road
San Ramon, CA 94583
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