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 is conducting active programs on 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) within the prospective Jurassic Flemish Pass trend. In January 2016, Chevron was awarded a 35 percent operated interest in an adjacent Flemish Pass Basin block, EL 1138, comprising 237,000 net acres (959 sq km). The blocks are located approximately 400 km east of St. John’s, NL, in water depths ranging from 400 to 2,600 metres.
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 interests in more than 15 Beaufort Sea and Mackenzie Delta significant discovery licenses (SDLs), including a 40 percent nonoperated interest in the offshore Amauligak discovery. Chevron retains a majority interest in one Beaufort Sea exploration license, EL 481. In 2012, Chevron conducted a 3-D marine seismic program covering this license, 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.
In Calgary, Alberta, the Chevron Arctic Center is home base to some of the world's foremost experts in Arctic exploration and development.