Chevron Canada is set to begin development on a portion of its leaseholdings in the Kaybob Duvernay area of west-central Alberta.
The development initiative follows a three-year appraisal programme conducted by the company.
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Under the current plan, the company’s initial development programme is set to include around 55,000 acres of its operated position in the Duvernay resource in the area known as East Kaybob.
Chevron Canada president Jeff Gustavson said: “The Duvernay formation is one of the most prospective liquids-rich shale plays in North America.
“Chevron Canada looks forward to realising the value of this resource from our industry-leading position while delivering economic benefits to local communities, Alberta and Canada.”
The programme is expected to leverage infrastructure development and service agreements with Pembina Pipeline and Keyera, with service scheduled to be available during the second half of 2019.
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By GlobalDataChevron operates around 330,000 acres in the Duvernay formation near Fox Creek, about 260km north-west of Edmonton, with a net 70% interest.
Other interests held by the company in the country include oil sands projects and shale acreage in Alberta, as well as a proposed liquefied natural gas (LNG) project and shale acreage in British Columbia.
The company is focused on tapping the potential of unconventional resources such as shale gas, coalbed methane, crude oil, and natural gas from rock formations and oil sands.
