Chevron Thailand Overview

Transcription

1 Chevron Thailand Overview Pairoj Kaweeyanun Chevron Thailand Exploration and Production February 11,

2 Chevron Thailand Exploration and Production Chevron business in Thailand Upstream Operated since 1962 with first production in concession blocks with 23 operating fields Cumulative Production 9.6 TCF Gas, 603 mmbbls Oil & Condensate Daily delivery average* Gas 1,509 mmcfd Condensate 44,728 barrels Oil 81,459 barrels Expect to invest several billion dollars over the next 10 years * (As of January 2011)

3 Chevron Thailand E&P - Resources to Sales Power Generation 69% - 14 blocks are CVX operated - 5 blocks are PTTEP operated -9 blocks are OCA - 7 CPPs, 2 OCPPs - 3 FSO/ 1 FPSO >4,000 dev. wells > 220 platforms Daily Production (January 2011): -Gas 1,509 mmscfd -Condy 44,728 bcpd -Oil 81,459 bopd - 5 GSAs C1, C235, C4, B8/32, Arthit Feedstock for Petrochemical 17% Fuel for industry 10% -1 domestic condensate sales agreement - 2 domestic crude sales contracts - More than 80% of total liquid sales domestically NG for Vehicle 4%

4 Key Business Challenges Safety and Reliability Meet increasing long term gas and power demand Capital Efficiency and Disciplined Cost Management EHIA process and approval Emerging environmental issues Shortage of skilled personnel

5 Execute with Excellence Safety Performance Fatalities STOP WORK AUTHORITY is a key enabler for managing safe work Increased effort on process safety and environment stewardship Days Away from Work cases Restricted Work cases Medical Treatment cases First Aid cases Near Misses Hazard Identifications BBS Observations At Risk/Total Cards Operational Excellence Management System is foundation

6 Execute with Excellence Drilling performance d a y s Days PDC s, OBM, reduce hole size ( 82-84) Top Drives 4 to 3 casing strings Timeline of Drilling Technology PDC Bits 1982 Oil Based Mud 1982 Simpler Completions 1983 Unitized Wellheads MWD Tool 1985 Top Drive Rotary Systems 1985 Steerable Drilling Systems 1985 Super Combo Logs 1985 Steering Tools 1988 Adjustable Stabilizers 1991 TCP Completions 1993 Slim Hole Monobores 1995 Splitter Wellheads 1996 LWD tools 2000 Offline Activity Center (pipe handling) 2004 Offline open hole logging 2008 Slim hole monobore Offline Under Rig Floor ops (TVD s increasing)

7 Execute with Excellence Base Business Process- Maximizing asset value Reduce production decline rates by identifying opportunity and implementing solutions that Monetize reserves Improve the reliability of wells and facilities Optimize the capability of the reservoir, wells and facilities

8 Growth Plan - Platong Gas II Project Design Basis CPP2 Design Capacity : 420 mmscfd CPP2 Central Processing Platform Key Project Milestones First Gas: 2012 LQ2 - Living Quarters Platform MP gas from PLOCPP2 Wet Gas Comp Fuel Gas Unit Production Compressor Dehydration unit Turbo Expander Booster Compressor Mercury Removal Unit Inlet Sep (3 phases Separator) TEG Regeneration Recycle to Inlet Separator Pipeline Compressor VRC Sale Gas Metering Liquid Heater Condensate Sep (3 phases Separator) Condensate Stabilizer Gas Export LP Gas from PLOCPP2 Inlet sep Condensate Export LP Gas From Gas II Reserve Produce Water Treatment Water Injection skids Water Injection 8

9 Shore Base Project in NST Location: Ban Bang San, Klai Sub-district, Tha Sala district, Nakhon Si Thammarat Project Details: (total area 395 rais) Marine Jetty 330 m. (with 600 m. long bridge) Warehouse/Office Bulk Plants Lay-down/Storage areas Access Road, and buffer zone Key achievements and project milestones: Front End Engineering Design 100% completed Coastal modeling 100% completed HIA Public Scoping (PP1) March 2010 HIA Public Review (PP2) August 2010 EIA Submittal September 2010 Complete Detail Design July 2011 EIA & Permits Approval December 2011* Construction Start Q1 2012* Operate as single shore base Q3 2013* Note: * expected dates only

10 New Aviation Center in Nakhon Si Thammarat (NST) New aviation center (located in NST commercial airport) Operations start on January 6, 2011 Service 12-seat helicopters (S76C++) with an average of daily 12 flights, during 6:00-17:30 hrs. Night flights operated only in case of emergency (max of 20 flights a day including training, maintenance and emergency flights) About 8,200 inbound and outbound passengers per month The new airbase is operated based on international safety and environmental standard Flying from this single base helps reduce total average traveling distance, more cost-effective, increasing efficiency in operations and safety of employees.

11 To become part of the NST communities, Chevron personnel (employees and contractors) should understand and appreciate local traditions and respect people s ways of life. Do s and Don ts for newcomers to NST brochure has been produced by applying Chevron s core values as the behavioral guidelines for working, traveling and daily living in the NST province. The brochure was distributed at the check-in counter at the NST Aviation Center and can be downloaded from Contractor Safety webpage on Safety/default.asp

12 Corporate Responsibility is a core value 4 Es Strategy Education Environment Energy Conservation Employee Engagement

13 Community Outreach in 10 key provinces via Department Offsite and Volunteer Programs Chon Buri Chumphon Bangkok Nakhon Si Thammarat Rayong Samut Prakan Samut Sakhon 12 Strategic Provinces along the Gulf of Thailand Samut Songkhram Song khla Surat Thani Years/ Activities Total School renovation 25 schools 19 schools 105 schools Tree planting 28,000 9,540 Fish& crab releasing 2,000 42, schools 48,500 74,635 86, ,335 13

14 A Continuing Commitment to Thailand Long term investment in the country A reliable and efficient energy supplier A socially and environmentally responsible corporate citizen Focus on development of Thai technical professionals and future leaders Deliver high performance Safely and the Right Way

15 Q & A 2009 Chevron Corporation 15

16 Thank you