Chevron moves into Horn River Basin.

In 2013, Chevron Canada Limited (upstream) is celebrating its 75th anniversary in Canada. Since our arrival in Alberta in 1938, our company has established a proud legacy of exploration success, innovation and growth. And throughout this time, we have continued to support the communities where we live and work. After 75 years of operations in Canada, we are looking forward to the future with optimism, as we pursue our vision to profitably grow our core assets and position Chevron for future legacy assets in frontier regions and emerging unconventional resource plays.
Chevron has ownership interests in oil sands projects and shale acreage in the province of Alberta, exploration, development and production projects offshore in the Atlantic region, and exploration and discovered resource interests in the Northwest Territories and Beaufort Sea region of Canada’s western Arctic. Total daily production in 2011 from Canadian operations was 197,000 barrels of crude oil (29,000 net), 28 million cubic feet of natural gas (4 million net) and 210,000 barrels of synthetic oil from oil sands (40,000 net).
Athabasca Oil Sands Project
The company holds a 20 per cent non-operated working interest in the Athabasca Oil Sands Project (AOSP) near Fort McMurray, Alberta. Oil sands are mined from both the Muskeg River and Jackpine mines, and bitumen is extracted from the oil sands and upgraded into synthetic oil using hydroprocessing technology.
In June 2011, the AOSP Expansion 1 Project was completed, including start-up of the expanded Scotford Upgrader, increasing daily production design capacity from oil sands to approximately 255,000 barrels. In 2011, total daily production from oil sands averaged 210,000 barrels (40,000 net) of synthetic oil.
Exploration Shale Gas
Through year-end 2011, the company increased the number of shale exploration leases held in Alberta to include approximately 253,000 acres (1,024 sq km) in the Duvernay formation. In third quarter 2011, drilling commenced on the first well of a multiwall program on these 100 per cent-owned and operated leases. A long-term well test is expected to commence in fourth quarter 2012 when the first well is expected to be tied into third-party processing facilities.
Chevron holds two exploration licences in the Beaufort Sea. One of the licences is 100 per cent owned and operated, and during 2011, through a farm-out agreement, Chevron reduced its working interest on the second operated Beaufort exploration licence from 100 to 60 per cent. In 2011, there were no exploration activities on these leases. Chevron holds a 35.4 per cent nonoperated working interest in the offshore Amauligak discovery and is continuing to assess development concept alternatives. The company also has additional minor nonoperated working interests in other significant discoveries on licenses in the Beaufort Sea. In the Mackenzie Delta region of the Northwest Territories, the company holds a 25 per cent non-operated working interest in several discoveries on onshore licences.

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