Colombia Natural Gas
Chevron, a Long History and a Bright Future in Colombia
Wes LohecManaging DirectorChevron Latin America
III Oil & Gas Investment Conference Cartagena, ColombiaFebruary 4, 2008
Chevron Worldwide, Latin America and Colombia
Worldwide Energy Challenges
New Energy Equation
Global Energy Demand
Colombia Natural Gas Overview
Key Challenges Developing Gas
Future Challenges and Opportunities
Chevron Investing in Colombia
Presentation Topics
A Global Energy Company
Chevron in 34 countries Downstream
Upstream Operation Venezuela
Trinidad and Tobago
Brazil
Argentina
Colombia
Significant new investments
Heavy Oil – Deep Water Brazil
Light Oil – Argentina
Natural Gas
Venezuela
Trinidad and Tobago
Colombia
Chevron Latin America and Caribbean
Natural Gas DevelopmentSupplies over 60% of natural gas to Colombia marketGrowing production capacity by 25% in 2008
Marketing, Lubricants and AviationChevron and Texaco brandsLubricants manufacturing and distributionAviation fuels distribution
Chevron Colombia
Chevron Colombia Gas Operations
“A”
“B”
GeopoliticalDynamics
ConstrainedSupply
ChallengedNew Resources
Growth in Demand
The NewEnergy
Equation
Worldwide Energy Challenges
0
120
1970 1990 2010 2030
Natural Gas
OtherRenewables
Hydro
(mm
boed)
Oil
Coal
Nuclear
0
120
1970 1990 2010 2030
Natural Gas
OtherRenewables
Hydro
(mm
boed)
Oil
Coal
Nuclear
Natural Gas
OtherRenewables
Hydro
Oil
Coal
NuclearGlo
bal E
nerg
y D
em
an
dmmboed
Global Energy Demand by Source
0
100
200
300
400
500
600
1977 1982 1987 1992 1997 2002 2007
La Guajira Gas Production
mmscfd
Large gas reserves linked with markets Infrastructure development
Stable regulatory environment
Value chain optimization
Key Challenges Developing Gas
Maicao
Cerromatoso
Guepajé
Yopal
Morichal
Payoa
Apiay
Vasconia La Belleza
Curumani
VALLEDUPAR
Sebastopol
Belén
Vélez
El Porvenir
Montañuelo
Gualanday
BARRANQUILLA
RIOHACHA
STA. MARTA
CARTAGENA
MONTERIA
SINCELEJO
Dina
Pitalito
Hobo
PTO. CARREÑO
CALICALI
CUCUTA
ARAUCA
QUIBDO
POPAYAN
PASTOFLORENCIA
O c
é a
n o
P
a c
í f
i c
o
PANAMA
CusianaCusiana
PPuntataPPuntataBallenaBallena
BUCARAMANGA
MEDELLÍNMEDELLÍN
VILLAVICENCIO
MANIZALES
PEREIRA
Mariquita
ARMENIA
BOGOTABOGOTA
NEIVANEIVA
TUNJA
BARRANCABARRANCA
North CoastMarket
La Guajira• Ecopetrol & Chevron• Reserves 12/06 ~ 2.8 TCF
Maracaibo
Interior Market
Regional Gas Market Development
MARACAIBO
Venezuela Market
Discovery of new gas resources
More natural gas penetration
Infrastructure optimization
Future Challenges and Opportunities
Proud to be in Colombia
