kaybob duvernay program overview
inside the duvernay: program overview
Chevron Canada has an industry-leading position in the emerging Duvernay resource play near Fox Creek, Alberta, approximately 260 km northwest of Edmonton. Chevron Canada has a 70 percent owned and operated interest in most of its 192,000 net acres (777 sq km) in the liquids-rich Duvernay formation. KUFPEC Canada Inc., a wholly owned subsidiary of the Kuwait Foreign Petroleum Exploration Company, holds a 30 percent nonoperated interest in Chevron Canada’s Duvernay leaseholdings.
Net acres in the emerging Duvernay resource play
Owned and operated interest held by Chevron Canada
Chevron Canada began an exploration program in the Duvernay in 2011. This was followed by a pad drilling program that commenced in 2014 to evaluate well production rates and reservoir performance.
developing our asset
In November 2017, Chevron Canada announced it was moving into development on approximately 55,000 net acres of its operated position in the Duvernay play. It is anticipated approximately 250 wells will be drilled and completed in the initial development area known as East Kaybob. The program will utilize long-term infrastructure development and service agreements with Pembina Pipeline Corporation and Keyera Corporation.
The Duvernay is poised for growth with access to premium Canadian condensate markets, and a factory model development pace will be driven by well and execution performance. A total of 203 wells had been tied into production facilities by early 2021. In 2021, net daily production averaged 22,000 barrels of condensate and natural gas liquids.
Chevron Canada’s operations in the Fox Creek area include ongoing community consultations, engagement with First Nations and participation in the Fox Creek Operators Group.