press release

Chevron North Sea Limited Awards Captain Enhanced Oil Recovery (EOR) Project Contracts to United Kingdom Suppliers

ABERDEEN, U.K., December 16, 2014 – Chevron North Sea Limited (“Chevron”) announced today that it has awarded Front End Engineering and Design contracts for its Captain EOR project to two U.K. suppliers. The Captain EOR project contract awards have been made to:

  • Wood Group Kenny Caledonia Limited for the subsea engineering of the trees, wellheads, controls and the polymer injection flowlines to the subsea injection wells. The workscope will be carried out in Aberdeen.
  • An Amec Foster Wheeler company for the facilities engineering of the proposed bridge-linked platform (BLP), which will be utilised to store, mix and pump polymer. This company will also be responsible for the BLP brownfield tie-ins to the existing facilities. The workscope will be carried out in London.
Captain Enhanced Oil Recovery project

The Captain Enhanced Oil Recovery project includes a range of subsea engineering work and the installation of a new bridge-linked platform, which will be tied into the field’s existing facilities and utilized for polymer storing, mixing and pumping.

“The Captain EOR project represents an opportunity to increase resource capture at the Captain Field. Advancing the project to the FEED stage supports Chevron’s commitment to maximizing the economic recovery of the U.K.’s hydrocarbon reserves. These contract awards underline our confidence in the expertise of the U.K. supply chain to support projects in the North Sea,” said Craig May, managing director, Chevron Upstream Europe business unit.

Minister of State for Energy, Matthew Hancock, said: “Following the good news for the North Sea in the Autumn Statement it is great to see that the first contracts for this project have been awarded to U.K. companies. Making the most of Britain’s domestic energy will make us less reliant on imports from abroad and make sure we get the best deal for customers.”

The Chevron-operated Captain Field is located offshore approximately 68 miles north of Aberdeen. In 2013, net daily production at the Captain Field, a joint venture between Chevron (85 percent interest) and Dana Petroleum (E&P) Ltd (15 percent interest), averaged 25,000 barrels of liquids and 3 million cubic feet of natural gas. The Captain EOR project will apply polymer injection technology to increase resource recovery at the Captain Field.

Chevron has supported the development of the U.K.’s oil and gas resource in the North Sea for nearly 50 years. Chevron operates the Alba, Captain and Erskine fields and is a joint operator of the Britannia Field. The company also has interests in five non-operated UK fields: Brodgar, Callanish, Clair, Elgin/Franklin and Jade. Chevron has contributed approximately £18 billion to the U.K. economy since 2004.

More information about Chevron in the UK is available at unitedkingdom.chevron.com.

Cautionary Statement Relevant to Forward-Looking Information for the Purpose of “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995.

Some of the items discussed in this press release are forward-looking statements about Chevron's activities in the United Kingdom. Words such as "anticipates," "expects," "intends," "plans," "targets," “forecasts,” "projects," "believes," "seeks," “schedules,” "estimates," "budgets," “outlook” and similar expressions are intended to identify such forward-looking statements. The statements are based upon management's current expectations, estimates and projections; are not guarantees of future performance; and are subject to certain risks, uncertainties and other factors, some of which are beyond the company's control and are difficult to predict. Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are changes in prices of, demand for and supply of crude oil and natural gas; actions of competitors; 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 net production or manufacturing facilities or delivery/transportation networks due to war, accidents, political events, civil unrest, or severe weather; government-mandated sales, divestitures, recapitalizations, industry-specific taxes and changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; and general economic and political conditions. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. 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.