Chevron has discovered a new gas well in the Carnarvon Basin which will help its proposed expansion of the Wheatstone project. The deepwater well is located 150 km northwest of Onslow in Western Australia.
Image Credit: Chevron Australia
The energy giant is still conducting tests to determine the size of the well. Chevron has to make a final investment decision on the multi billion dollar project next year. It also plans to sell 4 million tonnes of LNG from Wheatstone to Japan each year.
According to Jim Blackwell, the President of Chevron Asia Pacific Exploration and Production Company, the long term plans for the company included Western Australia in a major way.
George Kirkland, vice chairman, Chevron, said, "We are continuing to invest in a significant exploration program to underpin the long-term growth of our Australian business. Our continued success underscores the quality of our Australian portfolio and our technical competence."
The Clio-3 discovery well is also located in Western Australia's Pilbara region. The Wheatstone gas project is expected to begin production in 2016.