Light tight oil project: pasadena’s vote of confidence
July 28, 2022 at 05:01 pm EDT
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our operationslight tight oil project: pasadena's vote of confidence
1 min read | july 28, 2022
"Our mission is 'safe, reliable, profitable operations,' and this project checks all those boxes," general manager Tim Sutherland says of the Light Tight Oil (LTO) project.
The project, which recently received regulatory approval, will increase the amount of crude oil that can be processed at our Chevron Pasadena Refinery in Pasadena, Texas.
The ability to process more crude oil at the facility will expand Chevron's Gulf Coast refining system and help supply a portion of our retail market in Texas and Louisiana.
what is light tight oil?
Tight oil is a type of crude oil produced from shale. In the case of our LTO project, we plan to use tight oil sourced from the Permian Basin, which is located in western Texas and southeastern New Mexico.
Adding the ability to process Permian crude oil will support Chevron's focus on delivering affordable, reliable, ever-cleaner energy in the United States.
why it matters
The LTO project will increase the processing capacity at the facility by almost 15% to 125,000 barrels per day.
In addition to increasing capacity, the project will add jet fuel to the facility's portfolio, decommission certain units, reduce process safety risks and lower the permitted emissions of the refinery.
how it started
Since purchasing the Pasadena Refinery in 2019, Chevron has invested in the facility's people, processes, systems and equipment.
"Executing this major capital project is a vote of confidence in the future of the facility and Pasadena community," Sutherland says.
how it's going
Chevron Pasadena provides a strategic location along the Houston Ship Channel to process Permian crude oil. The refinery offers more than 5 million barrels of crude oil storage capacity and access to a dock, numerous pipelines and a product blending center.
Approximately 600 direct employees and contractors work at the facility.
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Disclaimer
Chevron Corporation published this content on 28 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 July 2022 20:57:20 UTC.
Chevron Corporation is one of the world leading oil and gas groups. Net sales break down by activity as follows:
- refining and distribution (73.1%): at the end of 2022, owned 8 refineries (2.6 million barrels of products sold per day) and a network of 13,800 service stations under the brands Chevron, Texaco, and Caltex throughout the world. The group is also involved in oil and natural gas transportation and production of petrochemical and plastic products;
- exploration and production of oil and natural gas (26.8%): 1.2 million barrels of crude oil, 0.3 million barrels of liquefied natural gas, and 199.6 million m3 of natural gas produced per day in 2022;
- other (0.1%): primarily electricity production.
54.5% of net sales are abroad.