Chevron OKs Gorgon stage 2

Chevron has decided to expand its USD 54-billion Gorgon LNG project offshore Australia, international media reported on Saturday.

The JV partners are to drill 11 wells and beef up the pipeline infrastructure connecting the Gorgon and Jansz-Io fields to the Barrow Island LNG plant, Reuters reported. The company provided no financial details for the plans, saying only they would fit within previously announced expenditure projections.

“Through ongoing collaboration, we need to invest in both the infrastructure and the local skills and capability required to maintain our long-term energy position and contribute to the jobs of the future,” Nigel Hearne, the managing director of Chevron’s local arm, told the agency.

Chevron operates Gorgon LNG with a 47.3% stake alongside partners ExxonMobil (25%), Shell (25%) and Japanese investors Osaka Gas (1.25%), Tokyo Gas (1%) and JERA (0.417%).