highlightsofoperations

highlights of operations

Chevron operates in the Republic of Congo through its subsidiary Chevron Overseas (Congo) Limited. We support development of the country’s largest oil and gas project, which is in a prolific deepwater basin, and we’re involved in an offshore development in an area the nation shares with Angola.

Chevron is a strong and consistent member of the community. We have made social investments in the Republic of Congo for more than 20 years. 

businessportfolio

business portfolio

In the Republic of Congo, Chevron has a 31.5 percent nonoperated working interest in the offshore Haute Mer permit areas (Nkossa, Nsoko and Moho Bilondo) and a 20.4 percent nonoperated working interest in the offshore Haute Mer B permit area. In addition, Chevron is the operator of and holds a 31.3 percent interest in the Lianzi Unitization Zone, located in an area shared equally by Angola and the Republic of Congo. In 2017, our operations had an average net daily production of 36,000 barrels of liquids.

moho nord

The Moho Nord development project, located in the Moho-Bilondo development area, is the largest-ever oil and gas project undertaken in the Republic of Congo. The project includes Albian reservoirs producing to a new tension-leg platform and floating production unit (FPU) facilities hub and Miocene reservoirs producing both to the new hub and through a subsea tieback to the existing Moho-Bilondo FPU. Production started at the new hub in March 2017. Miocene and Albian development drilling continued in 2017. Total daily production of crude oil from the Moho Nord project averaged 72,000 barrels (20,000 net) in 2017.

Republic of Congo–Angola joint development area

The Lianzi Project, Chevron’s first operated asset in the Republic of Congo and the first cross-border oil development project offshore central Africa, includes production and water-injection wells with a subsea tieback to the Benguela Belize–Lobito Tomboco platform in Angola’s Block 14.

businessportfolio

exploration

Two exploration wells are planned to be drilled in 2018, with one in the Moho Bilondo area and one in the Haute Mer B area.

Republic of Congo - French Tutoring Program
inthecommunity

in the community

Chevron has been an active member of the community in the Republic of Congo since 1995. We support initiatives that promote advances in health, safety, education and local development. More than 80 percent of our workforce in the country is Congolese.

health

For several years, Chevron has helped fight HIV/AIDS by partnering with the Departmental Unit of the Fight Against AIDS. Together, we launched a variety of community outreach initiatives and held education sessions with its workforce. Each year, the partners hold a voluntary screening program for residents of the country’s second-largest city, Pointe-Noire. In December 2017, more than 1,000 people were screened during a weeklong event that was hosted at the city hall. 

Chevron also supports anti-malaria efforts in the country and hosts local events on World Malaria Day each year.

In addition, Chevron has been organizing a wellness program focused on monthly walks for its employees, contractors and their guests.

safety

For several years, Chevron has held first-aid workshops in Pointe-Noire in partnership with the Congolese Red Cross. These workshops offer training in first aid and rescue to employees and contractors of Chevron and their families. Chevron also supports the Congolese Red Cross in its humanitarian missions.

education

Chevron’s main education project in the country is focused on the Nanga primary school, located in a densely populated area southeast of Pointe-Noire. We contributed to the construction of a third building at the school in 2017 and have encouraged good governance of the school steering committee since it was implemented with the support of Chevron in 2015. These initiatives have helped increase the success rate of students from 51 percent to 72 percent since 2016.

Chevron supports two other education projects in Pointe-Noire: the French Program, which aims to increase literacy and competency in the French language, and technical workshops offered by the Society of Petroleum Engineers to young professionals and students.

As part of the Moho Nord project with the operating company Total E&P Congo, we are partners in the implementation of two social projects. The first one is the construction of the Catholic University of Congo-Brazzaville in Pointe-Noire. The second one is the construction of Campus Terre d' Ecole, a specialized school in agriculture and sustainable development in Brazzaville. These two projects will host 800 and 400 students, respectively.

Chevron Overseas (Congo) Limited

129 Quarter Bis Avenue de Mangoungou
B.P. 1295 - Pointe-Noire
Telephone: +242.06.663.63.00
Email: [email protected] 

disclosure;forward-lookingstatements

CAUTIONARY STATEMENT RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This Website contains forward-looking statements relating to Chevron’s operations that are based on management’s current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “forecasts,” “projects,” “believes,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on schedule,” “on track,” “is slated,” “goals,” “objectives,” “strategies,” “opportunities” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward- looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this report. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices; changing refining, marketing and chemicals margins; the company's ability to realize anticipated cost savings and expenditure reductions; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company's suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats and terrorist acts, crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries, or other natural or human causes beyond its control; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from other pending or future litigation; the company’s future acquisition or disposition of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government-mandated sales, divestitures, recapitalizations, industry-specific taxes, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the impact of the 2017 U.S. tax legislation on the company's future results; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company's ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 19 through 22 of Chevron’s 2017 Annual Report on Form 10-K. Other unpredictable or unknown factors not discussed in this report could also have material adverse effects on forward-looking statements.