A New Source of Vital Energy
The Wheatstone Project is one of Australia’s largest resource projects – providing greater security of supply and significant economic benefits such as employment, government revenue and local business opportunities.
A final investment decision to proceed with the Wheatstone Project was made in September 2011, with construction started in December that same year.
In conjunction with the Gorgon Project, it reinforces our position as a leading natural gas supplier and liquefied natural gas (LNG) operator in the Asia-Pacific region.
The Wheatstone Project will include an onshore facility located at Ashburton North Strategic Industrial Area (ANSIA), 12 kilometres west of Onslow in Western Australia’s Pilbara region. The foundation project includes two LNG trains with a combined capacity of 8.9 million tonnes per annum (MTPA) and a domestic gas plant.
The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron (64.14 percent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 percent), Apache Corporation (13 percent), and Kyushu Electric Power Company (1.46 percent), together with PE Wheatstone Pty Ltd, part owned by TEPCO (8 percent).
Providing Third Party Gas Opportunities - New Partners Welcome
The project site at ANSIA, is an ideal location for an LNG hub given its proximity to the vast gas resources in the Western Carnarvon Basin.
Eighty percent of the Wheatstone Project's foundation capacity will be fed with natural gas from the Wheatstone and Iago fields, which are operated by Chevron Australia in joint venture with Australian subsidiaries of Kuwait Foreign Petroleum Exploration Company (KUFPEC) and Kyushu Electric Power Company, together with PE Wheatstone Pty Ltd (part owned by TEPCO).
The remaining 20 percent of gas will be supplied from the Julimar and Brunello fields held by Australian subsidiaries of Apache Corporation and Kuwait Foreign Petroleum Exploration Company (KUFPEC).
Around 85 percent of Chevron's equity LNG from the Wheatstone Project has been committed to premier LNG buyers.