In the U.K., we use our global resources and years of experience finding and producing oil and natural gas to provide the energy that drives human progress.
We have a diverse upstream portfolio with interests in 10 offshore producing fields in the U.K. We operate three fields and have non-operating interests in seven more. Our work ranges from high-pressure, high-temperature gas condensate fields, to heavy oil fields and subsea developments.
Through our subsidiary Chevron North Sea Limited, we produce crude oil and natural gas from the U.K. North Sea. Net daily production in 2015 averaged 40,000 barrels of liquids and 115 million cubic feet of natural gas.
Our U.K. operations have a track record of technological innovation. Our determination and ingenuity are helping to meet today’s complex energy challenges.
Chevron's presence in the U.K. North Sea spans more than 50 years. We generate economic impacts at multiple levels across the U.K. economy and in many different ways, from capital investments, taxes, jobs, production and technology development, to supporting a world class supply chain and the global procurement of U.K. goods and services.
In 2015, Chevron supported a total of £2.71 billion in gross value added to the U.K.’s economy. This economic activity supported the equivalent of 51,727 U.K. jobs. Over the past 10 years, Chevron’s North Sea capital investment programme, including its Alder, Captain Enhanced Oil Recovery, Rosebank, Britannia Long Term Compression projects and non-operated Clair Ridge projects, totalled more than £3.5 billion. Over the same period, Chevron’s North Sea related activities have generated a tax contribution to the U.K Exchequer of more than £3.5 billion.
Regional Hub for Global Operations
Chevron Corporation has located the headquarters for three of its major regional organizations in the U.K. From our London offices we operate our exploration and production activities for Europe, Eurasia and the Middle East, European lubricants sales and marketing, and natural gas trading.
The Way We Work
No matter what the project or focus area, there is one constant thread to everything we do: our commitment to The Chevron Way. It explains who we are, what we do, what we believe and what we plan to accomplish. At the heart of The Chevron Way is our vision to be the global energy company most admired for its people, partnership and performance.
Infrastructure Code of Practice
The Infrastructure Code of Practice (ICOP) is a non-statutory code that sets out principles and procedures to guide all those involved in negotiating third party access to oil and gas infrastructure on the United Kingdom Continental Shelf (UKCS). Its purpose is to facilitate the utilisation of infrastructure for the development of remaining UKCS reserves through timely agreements for access on fair and reasonable terms, where risks taken are reflected by rewards.
The Code was developed by the UK Offshore Operators Association (the predecessor of Oil and Gas UK) in consultation with the UK Department of Trade and Industry (the predecessor of DECC - Department for Energy and Climate Change) and a wide range of other parties. By their endorsement of the Code, parties make a commitment to be guided by its principles and procedures. Chevron North Sea Limited signed up to the principles of ICOP in 2004, when the Code was introduced.
We find, produce and market oil and natural gas around the globe. Explore Chevron
U.K. Economic Impact Report
Supporting economic growth and strengthening the communities in which we operate. Learn More
2015 Annual Report
The achievements realized last year will enable us to execute our growth plan. Learn More
The Chevron Way
The Chevron Way explains who we are, what we do, what we believe and what we plan to accomplish. Read The Chevron Way