Chevron Australia has been awarded the exploration rights to a new offshore block in the Carnarvon Basin off the northwest coast of Australia. Chevron will operate the block, in the highly prospective Greater Gorgon area, and hold a 50 per cent interest, while Shell Development Australia and ExxonMobil will each hold a 25 per cent interest. The permit area covers an area of 2,650 square kilometres in Australia’s premier petroleum basin. Chevron Australia managing director Jay Johnson said the acreage, adjacent to the gas fields of the Chevron-led Gorgon Project, significantly expands the company’s interests in offshore Western Australia. “It reinforces the prominence of Australia in Chevron’s overall exploration and development plans. The work to support this bid reflects the advancement in our technical understanding of the complex geology of this basin,” he said. The three-year work program for the permit area includes geotechnical studies, 2-D seismic reprocessing, 3-D seismic survey acquisition and the drilling of two exploration wells. Seismic work will begin this year and depending on results there is potential for a further three-year work program.
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31/01/2006 - 21:00
Chevron seals offshore deal
31/01/2006 - 21:00
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Rank Company # 3rd Fortescue $24.90bn 4th Woodside Energy $24.60bn 5th Chevron $23.60bn 6th Gold Corporation $21.96bn 7th Roy Hill Holdings $8.54bn 47 exporters ranked by WA export revenue most recent financial year -
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Rank Company # 1st Chevron $23.00bn 2nd Woodside Energy $7.68bn 3rd Shell $2.59bn 5th ExxonMobil $1.70bn 6th BP Australia $2.04bn 27 oil and gas companies ranked by WA oil and gas revenue most recent financial year
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