Chevron Expects First Production from Gorgon LNG Project in 1Q 2016

"We were successful in mitigating further delays and all modules required for train one are now on site. Piping and cabling work is ongoing. The pace of this work will determine critical path towards first LNG, which is expected to be mid year 2017. Train two module deliveries are underway and on track," Watson elaborated on the latest development on the Wheatstone Project.

In a related development, Australia's Woodside Petroleum Ltd. -- a partner in the Wheatstone Project -- noted Chevron's timeline for the development's first LNG.

"Woodside advises that impairments foreshadowed in the company’s fourth quarter report released Jan. 21, 2016 took into account the potential for this revised schedule for the Wheatstone onshore plant," the company said in a press release Monday.

Woodside said the Julimar Project, located in Block WA-49-L off Western Australia, remains on track to supply gas to the Wheatstone onshore plant. Woodside, which has a 65 percent operating interest in the Julimar Project, revealed that the development is on budget and that its delivery commitments under the applicable LNG Sales Agreements can be met under the revised schedule for Wheatstone LNG Project.


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