exploration and production

Chevron has participating interests in two production-sharing contracts (PSCs) in China.

Chuandongbei Project

In 2016, UECSL announced first gas from the Chuandongbei Gas Project in the onshore Sichuan Basin. The project covers an area of about 300 square kilometers in Sichuan province and Chongqing municipality. The gas plant has three gas processing trains. In October 2019, UECSL safely and smoothly transferred the operatorship to PetroChina and continues to support operation of the project as a non-operator.

South China Sea and Bohai Bay

In 2024, Chevron China Energy Company successfully completed its petroleum contract with China National Offshore Oil Corporation (CNOOC) for Block QHD 32-6 in Bohai Bay. In 2025, Chevron completed its participation in another two fields in the Pearl River Mouth Basin.  Building on the 40-year partnership and trust, Chevron and CNOOC continue to explore opportunities for cooperation on different fronts.