Búzios Field surpasses the record level of 900 000 bpd of oil
The field is the largest in the country in reserves and the second in production volume.
Drilling & production - 20 August 2025
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Surmont achieved a historic milestone: the production of 500 million bbls of oil.
Surmont, a steam-assisted gravity drainage (SAGD) facility located about 55 km south of Fort McMurray, Alberta, is currently configured to produce Surmont Heavy Dilbit, which is bitumen diluted with condensate.
Chevron is leaning into Argentina’s shale growth opportunities
Chevron expects Vaca Muerta to play a larger role in its portfolio in the coming years.