pipeline project. Kurdistan Region of Iraq: The company operates and holds 80 percent contractor interests in the Sarta and Qara Dagh PSCs. The company drilled a second exploration well in the Sarta Block in second-half 2015, and as of early 2016, the results are under evaluation. The company relinquished its interest in the Rovi Block in fourth quarter 2015. Partitioned Zone: The company holds a concession to operate the Kingdom of Saudi Arabia's 50 percent interest in the hydrocarbon resources in the onshore area of the Partitioned Zone between Saudi Arabia and Kuwait. The concession expires in 2039. In 2015, the company continued to progress a 3-D seismic survey covering the entire onshore Partitioned Zone. Australia/Oceania In Australia/Oceania, the company is engaged in upstream activities in Australia and New Zealand. During 2015, net oil-equivalent production averaged 94,000 barrels per day, all from Australia. Australia: Upstream activities in Australia are concentrated offshore Western Australia, where the company is the operator of two major LNG projects, Gorgon and Wheatstone, and has a nonoperated working interest in the North West Shelf (NWS) Venture and exploration acreage in the Browse Basin and the Carnarvon Basin. The company also holds exploration acreage in the Bight Basin offshore South Australia. The company holds a 47.3 percent interest in and is the operator of the Gorgon Project, which includes the development of the Gorgon and Jansz-Io fields. The project includes a three-train, 15.6 million-metric-ton-per-year LNG facility, a carbon dioxide injection facility and a domestic gas plant, which are located on Barrow Island, off Western Australia. The company is the operator of the Wheatstone Project, which includes a two-train, 8.9 million-metric-ton-per-year LNG facility and a domestic gas plant, both located at Ashburton North, on the coast of Western Australia. The company plans to supply natural gas to the facilities from the Wheatstone and Iago fields. The company holds an 80.2 percent interest in the offshore licenses and a 64.1 percent interest in the LNG facilities. The company has a 16.7 percent nonoperated working interest in the North West Shelf (NWS) Venture in Western Australia. The concession for the NWS Venture expires in 2034. The company holds nonoperated working interests ranging from 24.8 percent to 50 percent in three exploration blocks in the Browse Basin. The company operates and holds a 100 percent interest in offshore Blocks EPP44 and EPP45 in the Bight Basin off the South Australian coast. In 2015, the company completed its second 3-D seismic survey in this area with processing and interpretation of the seismic data planned to continue through 2016. In March 2015, the company withdrew from its interest in the Nappamerri Trough area in South Australia and Queensland. New Zealand: In April 2015, the company became operator of three deepwater exploration permits in the offshore Pegasus and East Coast basins. The company holds a 50 percent interest in the three exploration permits. Acquisition of 2-D and 3-D seismic data is scheduled to commence in late 2016. Europe In Europe, the company engages in upstream activities in Denmark and the United Kingdom. Denmark: The company holds a 12 percent nonoperated working interest in the Danish Underground Consortium (DUC), which produces crude oil and natural gas from 13 North Sea fields. The concession expires in 2042. Norway: The company relinquished its interest in PL 527 and PL 598 exploration licenses in May 2015. Poland: In 2015, the company relinquished its remaining exploration licenses. Romania: The company relinquished the Barlad concession in northeast Romania, and as of early 2016, the relinquishment is pending government approval. In addition, the company is pursuing relinquishment of its remaining concessions in southeast Romania. The United Kingdom: The company’s net oil-equivalent production in 2015 averaged 59,000 barrels per day, composed of 40,000 barrels of liquids and 115 million cubic feet of natural gas. Most of the company's production was from three fields, inc
chevron corp (CVX*:Mexico)
6001 Bollinger Canyon Road
San Ramon, CA 94583
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