Chevron: Colombia, Business Portfolio

Exploration and Production
Chevron, in partnership with Colombia’s national oil company, Ecopetrol, operates the offshore Chuchupa natural gas field in the Caribbean Sea as well as the onshore Ballena and Riohacha natural gas fields in the province of La Guajira, in northern Colombia. Net daily production in 2013 averaged 216 million cubic feet of natural gas.

Chevron operates and develops the fields as part of the Guajira Association contract. Chevron receives 43 percent of the production for the remaining life of each field and a variable production volume based on prior Chuchupa capital contributions.

In 2013, we installed more compression facilities at existing fields.

Marketing and Retail
Through our subsidiary Chevron Petroleum Company, Chevron operates a nationwide network of more than 400 Texaco® service stations. We have a 15 percent market share in automotive fuels, a 20 percent market share in aviation fuel and a 15 percent market share in lubricants. Chevron also has interests in 10 fuel terminals in Colombia.

Under the Texaco name, the company sells a full line of branded products—including Texaco with Techron® gasoline and diesel fuel—through stations, sales agents and distributors in Colombia. Since 2012, our Havoline® and Ursa® lubricants have been sold under the Chevron® brand. We also have successfully introduced our Delo® brand of technologically advanced engine oils, lubricants and coolants into the Colombian market.

We are the only fuel distributor in the island territories of San Andrés and Providencia.

Chevron provides enough natural gas for more than 4.5 million Colombian households, making us the country’s largest producer.

Chevron and Ecopetrol, Colombia’s national oil company, have a long-term purchase and sales agreement with Venezuela’s national gas company Petróleos de Venezuela, S.A. (PDVSA) to deliver an average of 150 million cubic feet of natural gas per day from Colombia to Venezuela. Since its signing in 2007, this trade agreement has contributed to the regional and national economies. The agreement also allows for a separate deal for future deliveries of natural gas from Venezuela to Colombia.


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