** Please note that due to spring break and scheduling difficulties, the March SPE BD Study Group meeting will be on April 6. The SPE BD Study Group will have its regularly scheduled April meeting on April 27, which will be covered in a later email.
Chevron produces and explores for crude oil and natural gas around the world. In 2014, its worldwide net oil-equivalent production averaged 2.571 million barrels per day, with about 26 percent of the production coming from the United States and the rest from more than 20 other countries.
Production growth is dependent on bringing resources and proved reserves into production through major capital projects. Chevron has an extensive lineup of major capital projects under way, from conventional oil and natural gas to deepwater, liquefied natural gas (LNG) and heavy oil developments.
Exploration also is key to future growth. The company's focus areas for exploration in 2014 were the deepwater regions of West Africa, the deepwater U.S. Gulf of Mexico, offshore northwest Australia, and in several shale and tight resource plays in North America.
Mr. Thurston will present a story of steady growth in the Deepwater Gulf of Mexico, a “World Class” petroleum basin with significant remaining oil and gas resource potential but with many technical challenges. His presentation will describe why the deepwater gulf is so attractive and the technologies being deployed to enable the development of such a significant petroleum system. The recent Jack/St. Malo development will be highlighted as an example of overcoming the challenges and delivering a world class project in the sub-salt Lower Tertiary trend.
The Business & Social Networking hour followed by an hour long program including a Q&A session, will begin at 5:00 pm in the Mezzanine.
*SEASON PASS HOLDERS: You do not need to register for this event, as your Season Pass has automatically registered you for all 2015 – 2016 Business Development events. Thank you for being a Season Pass Holder!
Mark your calanders for the remainder of the 2015 -2016 Season!
2016: April 27, May 25, NEW! June 22