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About Chevron in LiberiaChevron has been doing business in Africa formore than a century — the continent is vital tothe world’s energy supply, accounting for about13 percent of all current oil production.In September 2010, Chevron Liberia Limited wasgranted approval by the Liberian government toacquire a 70 percent interest and operatorship inthree deepwater blocks (LB-11, LB-12 and LB-14)off the coast of Liberia.Chevron Liberia Limited completed two explorationwells with the Transocean drillship Discoverer Spirit4 | Chevron Liberia Limited
GUINEASIERRALEONELIBERIAMonroviaCÔTED’IVOIRELB-14LB-12LB-11ATLANTIC OCEANChevron InterestThese were the first blocks to besigned by an oil and gas super major.In 2012, ENI, a valued internationalpartner, acquired a 25 percentinterest in these three blocks,reducing Chevron’s equity to45 percent. Oranto Petroleum Ltd.,a British Virgin Islands company,holds the remaining 30 percentinterest in the blocks. Upon success,the National Oil Company of Liberia(NOCAL) will assume a 10 percentinterest, and Oranto will retain20 percent.being processed and integrated intothe company’s geologic models. Weare pleased that NOCAL has grantedChevron Liberia Limited and ourpartners the opportunity to enterinto the next phase of explorationfor both LB-11 and LB-12. This willallow Chevron Liberia Limited andour partners to drill two additionalexploration wells and to begin theprocess of prospect maturation andthe contracting of a rig to carry outthis program.The blocks are part of an emergingWest African trend, where severaldiscoveries have recently beenannounced and are located between12 miles and 110 miles (20 km and180 km) south of the Liberian capitalof Monrovia. The total area of theseblocks cover 3,700 square miles(9,600 sq km).In 2012, Chevron Liberia Limitedcompleted the drilling of twoexploration wells, Nighthawk in LB-11and Carmine Deep in LB-12, withthe Transocean drillship DiscovererSpirit. The data from these wells are2012 Corporate Responsibility Report | 5
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Page 8 and 9: Corporate Responsibility Investment
Page 10: From back to front, left to right:
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Page 15 and 16: Jacqueline Becko with products that
Page 17 and 18: Chevron’s partnership with Global
Page 19 and 20: C-LED Grant ProcessThe success of C
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Page 23 and 24: The Domestic Ultimate Services team
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