BIOGRAPHY

Mariano Vela is president of Unocal Myanmar, a position he assumed in June 2012. As president, he is responsible for Chevron’s interest in the Yadana gas field in the Andaman Sea offshore Myanmar. Prior to this position, he served as earth scientist team leader for the B8/32 asset team, Chevron Thailand.

Vela received his bachelor’s degree in geology from Universidad Nacional de la Plata in Argentina, and his master’s degree in geology from the University of South Carolina in the United States. He joined Chevron in 1998 as a geologist and has held various positions of increasing responsibility in the United States, Venezuela, and Thailand.

Unocal Myanmar Offshore Limited
(Chevron)

Chevron has a 28.3% non-operated working interest in a PSC for the production of natural gas from the Yadana and Sein fields within blocks M5 and M6 in the Andaman Sea. The PSC expires in 2028. The company also has a 28.3% non-operated working interest in a pipeline company that transports the natural gas to the Myanmar-Thailand border, most for delivery to power plants in Thailand; the remainder is dedicated to the Myanmar market. Net daily natural gas production during 2012 averaged 94 million cubic feet. In 2012, the drilling of one infill well to maintain plateau production was completed, and the timing of drilling a second infill well is being evaluated. A 3-D seismic survey for block M6 started in 2012 and was completed in early 2013.

The Yadana Project’s Socio-Economic Program supports critical health, education, infrastructure, and small business development that benefits local communities. The program quality has been assessed by an external monitor, CDA Collaborative Learning Projects, an independent U.S. organization based in Boston. The cumulative joint venture contribution of $28.77 million (as of February 2013) has supported programs in 33 villages that have benefited more than 50,000 people.