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Chevron, Woodside get three blocks off Western Australia

Written by  OE Staff Thursday, 05 October 2017 09:46

Chevron Australia and its 50:50 partner Woodside Energy have acquired exploration interests in three blocks in the Northern Carnarvon Basin off the Western Australia coast.

Map of new acreage, from Chevron.

Blocks WA-528-P, WA-529-P and WA-530-P cover 23,170sq km and are approximately 220km northwest of Dampier off the coast of Western Australia.

Through its affiliate, Chevron will be operator with a 50% interest and Woodside Energy will hold the remaining 50% interest.

Chevron Australia Managing Director Nigel Hearne said this new acreage strengthens Chevron’s position in Australia’s premier hydrocarbon basin where there is an established network of production infrastructure, including the Chevron-operated Gorgon and Wheatstone Projects.

“Offshore Western Australia is a global focus area for Chevron and these new exploration blocks add to our already significant gas position as the largest resource holder and liquefaction owner.

“Chevron Australia has discovered around 50 Tcf of gas resources, and through collaboration we hope to commercialize 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.

“Partnership is going to be crucial for ongoing investment in Western Australia’s resource sector and to maximize the value of the available resources and infrastructure for the benefits of local jobs, companies and energy security,” said Hearne.

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