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The Gorgon plant site on Barrow Island.

Gorgon costs blowout by $9 billion

Chevron has confirmed a major cost blowout at its Gorgon liquefied natural gas development off the Western Australian coast, but it is not as large as speculated.

Chevron said the budget had increased from $43 billion to $52 billion, well under the $60 billion that was widely speculated in recent media reports.

In US dollar terms, the increase was substantially greater, from $US37 billion, to $US52billion.

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WA export revenue

7th-Alcoa of Australia$3.00bn
8th-Roy Hill Holdings$3.00bn
9th-Chevron$2.90bn
10th↑South32$1.70bn
11th↑Mineral Resources$1.50bn
49 exporters ranked by WA export revenue most recent financial year

Number of Employees

Oil and Gas Companies

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