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    Chevron Acquires Blocks Off Western Australia

Summary

Chevron has acquired three gas blocks in the Northern Carnarvon basin off the Western Australia coast.

by: Shardul Sharma

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Chevron Acquires Blocks Off Western Australia

Chevron has acquired three gas blocks in the Northern Carnarvon basin off the Western Australia coast, the US major said October 5.

Blocks WA-528-P, WA-529-P and WA-530-P cover 23,170 km2 and are about 220 km northwest of Dampier off the coast of Western Australia. Chevron Australia will be operator with a 50% interest while Australian independent Woodside Energy will hold the remaining 50%.

“Chevron Australia has discovered around 50 trillion ft3 of gas resources, and through collaboration we hope to commercialise this gas through the timely and efficient use of existing equity or third-party infrastructure. This supports our position as a leading operator and long-term supplier of clean and reliable natural gas to customers in Western Australia and the region,” Chevron Australia managing director Nigel Hearne said.

Chevron operates the Gorgon and Wheatstone LNG export ventures located in Western Australia.

Offshore Western Australia map (Credit: Chevron)

 

Shardul Sharma