The US energy group Chevron and its partners have decided to proceed with the second stage of the Gorgon gas project in Western Australia. Partners have committed to invest a further several billion dollars in investment and will drill 11 new wells in the Gorgon and Jansz-Io offshore gas fields. This investment decision fits into Chevron's previously announced annual investment range of US$18-20bn through 2020, even though the exact value of the second phase of Gorgon has not been revealed.
The Gorgon Project is operated by Chevron Australia and is a joint venture (JV) of the Australian subsidiaries of Chevron (47.3%), ExxonMobil (25%), Shell (25%), Osaka Gas (1.25%), Tokyo Gas (1%) and JERA (0.417%). Located on Barrow Island, Gorgon includes a three-train 15.6 Mt/year LNG facility and a domestic gas-fired power plant, which entered commercial operations in earlier 2016.
Source: Chevron Australia