Chevron Morgan Stanley Energy Summit: Deepwater Gulf of Mexico Stephen Thurston Vice President, Deepwater Exploration and Projects Chevron North America E&P Company August 29th, 2012 Houston, Texas 1 2012 Chevron U.S.A.…
Strong Safety Culture Source: Data publicly available from annual company sustainability reports. 2012 Chevron U.S.A. Inc. All rights reserved 3 XOM rates are Lost Time Incident Rates. RDS rates are Lost Time Incident Rates for…
A Strong and Diverse Upstream Worldwide Portfolio 2012 Chevron U.S.A. Inc. All rights reserved 4
Global Deepwater Portfolio is Delivering Production Growth 2010 2012 Chevron U.S.A. Inc. All rights reserved * Excludes production associated with LNG projects 5
A Leading Player in the Gulf of Mexico Chevron Assets GOM Operations Major Capital Projects Petronius Appraisal Chevron Leases: Gemini - GGOM: 684 (2) Blind - DW: 402 (3) Faith Exploration Drills Tubular Bells Genesis…
Where we Work: The Deepwater Gulf of Mexico Gulf of Mexico World-Class Petroleum Basin* 77 BBOE Discovered Lower Tertiary Trend 45 BBOE Produced Miocene Trend Most challenging wells in the world Deepest water developments in the…
Superior Technical Competencies in all aspects of Deepwater Drill & Appraise Explore & Lease Drilling & Develop Production Design Operations HUC Start Up & Ramp Up Fabricate & Install 2010 2012 Chevron Chevron U.S.A.…
Deployment of New Deepwater Technologies from Top to Bottom Seismic Imaging Reverse Time Migration Integration of 3D Basin and Mechanical Earth Models Some image here Drilling & Completions Single Trip Multi Zone Frac Pack Dual…
Technology Development Seismic Yesterday vs. Today Chevron Proprietary Earth Science Late 1990s 2-D 2006 - NATS 2009 - WAZ 2010 - WAZ Technologies: Time Migration Chevron Image Vendor Image Chevron Image Reverse Time Migration…
Chevrons Technology Portfolio: Driving Improvements in Hydrocarbon Recovery 20% recovery factor < 10% recovery factor Gas Injection for Optimized Enhanced Oil Waterflood Recovery Long Life Seafloor In-Well Pumps Natural…
Overcoming Key Drilling Technical Challenges Chevron Deepwater Gulf of Mexico Days to Total Depth Water Depths up to 200 12,000 feet 150 Days 100 80 77 66 0 Drilled Depths of 2004 2009 2010 2011 40,000 feet 56%…
Planning is the Foundation for Superior Drilling Performance Superior Equipment Superior Planning Sixth Generation Drillships Six months per well Up to water depths of 12,000 feet Detailed Shallow Hazards Analysis Thick wall 16 casing…
Chevron Permitting Highlights and Success in Gulf of Mexico Chevron leading the industry in getting back to work post-Macondo: First permit to resume drilling, on the Tahiti injector well in September, 2010 First revised Exploration…
Existing Deepwater Assets Performing World Class Blind Faith Tahiti Perdido Caesar-Tonga Deep Draft Semi Submersible Spar Spar Host Facility with Tie Back to Constitution First Oil in 2009 Drilling Rig First Oil in 2008 First Oil in…
New Major Capital Projects On Track Jack/St. Malo Big Foot Tubular Bells Semi-Submersible Tension Leg Platform Spar Single host floating production Gulfs Deepest Water TLP Subsea production wells unit Full capacity drilling rig for…
Growth Portfolio On Track Knotty Head progressing toward development Buckskin & Moccasin Appraisal program underway (Chevron op.) Chevron highest bidder on 30 new blocks in the Offshore Continental Shelf Lease Sale 222…
Key Messages Significant focus on Operational Excellence, Planning, and Partnering Unprecedented level of Chevron activity in deepwater Gulf of Mexico Major Capital Projects on track to deliver next step-up in production and…
Q A 2012 Chevron U.S.A. Inc. All rights reserved 20
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