Chevron announced that its Australian subsidiary will proceed with the construction of its Wheatstone project in Western Australia. Chevron had received Australian Commonwealth Government approval by the Federal Environment Minister few days ago, and was granted final environmental approval from the Western Australia government in early September.
The foundation phase of the Wheatstone project is estimated to cost $29bn and consists of two LNG processing trains with a combined capacity of 12 bcm/year of LNG, a domestic gas plant and associated offshore infrastructure including the processing platform, subsea equipment, drilling and an export trunkline. First gas is planned for 2016. The Wheatstone project was granted final federal government approval for a 34 bcm/year LNG development, paving the way for future expansion opportunities. The Wheatstone onshore foundation project, located at Ashburton North, 12 kilometers west of Onslow on the Pilbara Coast, is a joint venture between the Australian subsidiaries of Chevron (operator 73.6%)2, Apache (13%), Kuwait Foreign Petroleum Exploration Company (KUFPEC 7%) and Shell (6.4%).
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