Chevron Forms Alliance With NASA′s Jet Propulsion Laboratory to Develop Advanced Energy Solutions
Space exploration technology to improve energy production
Chevron Corporation (NYSE: CVX)and NASA′s Jet Propulsion
Laboratory (JPL) announced today the formation of an alliance to develop
a range of technologies to improve the production and recovery of oil
and natural gas resources.
The alliance′s initial focus is to develop a wide range of
technologies?including power transmission, signal processing and
electrical actuation?for application in deepwater.
'NASA and JPL are highly acclaimed national treasures, and Chevron is
proud to collaborate with them to unlock new energy potential,? said
John McDonald, Chevron′s corporate vice president and chief technology
officer. 'This alliance is an opportunity to bridge public- and
private-sector technology and research to discover oil and natural gas
volumes that are found in deep remote reservoirs. In many ways, the
research is akin to deep space exploration, making the missions of our
two organizations highly complementary.?
'We are proud that the same pool of talent that sends rovers to Mars,
explores our universe and studies Earth′s environment will help
contribute advanced technology towards our energy future here on Earth,?
said Dr. Charles Elachi, director of JPL.
The technology developed by JPL for interplanetary missions is also
useful for gaining a better understanding of the geology of Earth. For
example, JPL developed technology that enables electronic communication
over millions of miles in outer space. That same technology may have
application in deepwater energy operations, which extend thousands of
feet below the surface of the ocean and encounter extreme pressures and
temperatures.
'The world′s energy needs continue to grow. Chevron continues to meet
this demand through the development and application of highly innovative
technologies that unlock resources in ways that are safer, more
efficient and more environmentally sensitive,? said Paul Siegele,
president of Chevron Energy Technology Co.
About JPL
The Jet Propulsion Laboratory (JPL) is a division of the California
Institute of Technology in Pasadena, Calif. JPL′s National Space
Technology Applications Office (NSTA) was established to develop a
sustaining business base through expanded relations with non-NASA
sponsors. NSTA develops collaborations with elements of the four
national space sectors: Military, Intelligence, Civil and Commercial.
Each of these sectors is responsible for the specific development of
partnerships that expand and enhance the JPL/NASA technology base. The
California Institute of Technology in Pasadena and NASA′s Office of the
Chief Technologist seek to transfer technology developed for space into
the commercial marketplace, yielding economic benefits and
quality-of-life improvements for people here on Earth.
About Chevron
Chevron is one of the world′s leading integrated energy companies, with
subsidiaries that conduct business worldwide. The company is involved in
virtually every facet of the energy industry. Chevron explores for,
produces and transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures and sells
petrochemical products; generates power and produces geothermal energy;
provides energy efficiency solutions; and develops the energy resources
of the future, including biofuels. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com.
Chevron Corporation
Morgan Crinklaw, +1-925-842-5649
MKWZ@chevron.com
or
Pricilla
Vega, +1-818-354-1357
Priscilla.R.Vegas@jpl.nasa.gov
