Chevron Moves Wheatstone Closer to Commercialization
Chevron has announced the award of a major front-end engineering and design (FEED) contract for the first phase of the Wheatstone natural gas development in northwest Australia.
Chevron awarded the contract for the first phase of the project -- which consists of two liquefied natural gas (LNG) processing trains each with a capacity of about 4.3 million tons per year and a domestic gas plant -- to Bechtel Oil, Gas & Chemicals, Inc. The facility will be supplied initially from Chevron's 100 percent interest in the Wheatstone Field and the Chevron-operated Iago Field.
The facility will be located at Ashburton North on the mainland of Western Australia.
"Awarding the contract moves the Wheatstone project a step closer to commercialization, assists in realizing our strategy of developing our large natural-gas resource base in Australia and further enhances our position as a leading supplier of LNG in the Asia-Pacific region and internationally," said George Kirkland, executive vice president, Global Upstream and Gas, Chevron Corporation.
"We are committed to moving forward our two big Australian LNG projects -- Wheatstone and the Gorgon development," Kirkland said.
Chevron expects to make a final investment decision on the Wheatstone project in 2011.
Discovered in 2004, Chevron's Wheatstone Field is located in the WA-253-P and WA-17-R permit areas in water depths of around 650 feet (200 meters). The adjacent Iago Field was discovered in 2000 and spans two retention permits, WA-17-R, which is wholly owned by Chevron Australia, and WA-16-R, which Chevron has a majority interest. Together, these fields hold enough natural gas to supply a two-train LNG development.
- Buying Texas Oil at New Mexico Prices: Majors Go West for Shale (Nov 14)
- Japan's JERA Imports First LNG Cargo Shipped From Chevron's Wheatstone Site (Nov 13)
- Chevron Canada Okays Duvernay Development (Nov 07)
Company: Bechtel Corporation more info
- Bechtel to Complete Building the Last 2 LNG Trains on Curtis Island in 2016 (Jan 12)
- Wood Group Wins Bechtel Contract to Supply Tengiz Project in Kazakhstan (Oct 07)
- EnQuest Appoints New Non-Executive Director (Jun 25)