US giant Chevron addressed over 375 guests involved in the South Australian resources sector for the first time at SACOME’s lunch event on September 20.
Kevin Stevenson, Asset Manager Central Australia, spoke about Chevron’s farm in agreement with Beach Energy, which could see their interests in two permits covering 810,000 acres within the Cooper Basin increase further next year, depending on the outcome of current exploration activities.
The majority of the presentation focussed on the company’s Australian projects in context of its global activities, which cover 10 million acres in 18 plays across many counties. Mr Stevenson said Chevron’s offshore Western Australian Gorgon project is Australia’s biggest single resources project and revealed that 37 TCF of gas had been discovered in the surrounding area.
He said the Gorgon project was on track for LNG export through 3 LNG trains in 2015 and would initially be fed by two gas fields, and will include a domestic plant as well as the 15.6 MTPA LNG facility. Chevron has made 21 offshore discoveries in the region over the past four years. Chevron’s Wheatstone project -the company’s biggest investment ever at $52 billion AUD- was also discussed in depth.
SACOME thanks our annual sponsors and event sponsor Beach Energy.