Developing Vital Energy Resources
Chevron has a proud history of exploration success in Canada. Over the past eight decades we have made numerous oil and natural gas discoveries in Western Canada, offshore Atlantic Canada and in the Northwest Territories. Today, we are continuing our quest to find and develop new sources of energy to fuel human and economic progress and prosperity both here in Canada and around the globe.
In the Flemish Pass Basin offshore Newfoundland and Labrador, Chevron has an interest in three exploration blocks.
Chevron has a 40 percent nonoperated working interest in EL 1125 and EL 1126, comprising approximately 321,000 net acres (1,300 sq km). A 3-D seismic survey has been completed on these blocks. Drilling commenced at the Fitzroya prospect in the fourth quarter of 2015 and was completed in late February 2016, and the results are under evaluation. The blocks are located approximately 400 km east of St. John’s, NL, in water depths ranging from 700 to 2,600 metres.
In November 2015, Chevron was awarded a 35 percent interest in another Flemish Pass Basin block, NL 15-01-02, with 237,000 net acres (959 sq km).
Chevron has been exploring for hydrocarbons in Northern Canada since the 1950s and considers the area an important future oil and gas region.
Chevron holds a 100 percent interest in two Beaufort Sea exploration licenses, EL 480 and EL 481, and has interests in more than 15 Beaufort Sea and Mackenzie Delta significant discovery licenses (SDLs). In 2012, Chevron conducted a 3-D marine seismic program on EL 481, capturing approximately 3,700 sq km of data, the largest survey ever recorded in the Canadian Beaufort Sea. The survey was conducted without any safety or environmental incidents.
Chevron holds a 40 percent nonoperated working interest in the offshore Amauligak discovery.
In Calgary, Alberta, the Chevron Arctic Center is home base to some of the world's foremost experts in Arctic exploration and development.