exploration & production in europe
For more than 50 years, Chevron has been a major player in developing Europe’s oil and natural gas resources, and we remain committed to the region’s energy future and maximizing the recovery of its resources.
Our primary activity is concentrated in the , in particular, the North Sea, where we have interests in 11 offshore producing fields. We apply our technology, technical expertise and experience to operate safely and reliably, unlock new opportunities, and sustain a competitive advantage.
Other areas of exploration and production in the region include Denmark and Norway.
our early milestones
Our origins in the U.K. North Sea date to 1964, when we, along with a joint venture partner, drilled the first exploration well. A decade later, our Ninian Central Platform was towed into position – at the time, the largest object ever moved by humans – some 100 miles (161 km) east of the Shetland Islands.
our current footprint
Today, we operate the Alba, Alder, Captain, Erskine and Rosebank fields in the U.K. North Sea. We also have interests in seven nonoperated fields: Britannia, Brodgar, Callanish, Clair, Elgin/Franklin, Enochdhu and Jade.
In addition, we hold a nonoperated interest in the Danish Underground Consortium, which produces 90 percent of Denmark’s production from 13 North Sea fields.
In Norway, we are evaluating Block PL 859 in the Barents Sea, where we have nonoperated interests.
our technology advantage
We operate in Aberdeen, Scotland, which complements our technology centers in California and Texas, United States, and Perth, Australia. These facilities serve many of our major projects around the world, enabling faster deployment of technology, providing new technology development opportunities and increasing the pool of technical talent.
looking to the future
At the Captain Field, which has been in production since 1997, the next phase of development, known as polymer enhanced oil recovery (EOR), is designed to increase field recovery through the injection of polymerized water into the field’s reservoir. In October 2017, Chevron announced it had sanctioned the final investment decision to proceed with the first phase of the Captain EOR project. In 2018, we plan to modify the existing Captain facilities and begin a drilling campaign that includes six new polymer injection wells.
The Rosebank Field, a deepwater development northwest of the Shetland Islands, is one of the United Kingdom’s largest undeveloped oil and gas resources, with an estimated 300 million barrels of recoverable resources. Chevron and its Rosebank joint venture partners continue to make progress through front-end engineering and design – focusing on improved predictability in cost and schedule – prior to U.K. government approval and final investment decision.
Chevron holds a nonoperated interest in the Clair Field, one of the United Kingdom’s largest hydrocarbon resources. The Clair Field is being developed in phases. Clair Phase 1 was sanctioned in 2001 as a single, fixed platform with production and processing facilities. First production was achieved in 2005. The second phase, the $9 billion Clair Ridge Project, is designed to have a capacity of 120,000 barrels of crude oil and 100 million cubic feet of natural gas per day. The project was sanctioned in 2011, and first oil is expected in 2018. Proved reserves have been recognized for the Clair Ridge Project, which is expected to produce more than 600 million incremental barrels until 2050.