Chevron’s development of the Gorgon and Wheatstone natural gas projects, together with Chevron’s other activities in Australia, will create enduring benefits that will help shape the Nation’s economic future and spearhead Australia’s growing importance as a global natural gas supplier.
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The projects Chevron has invested in and its other activities in Australia1 have already delivered direct and indirect economic benefits to the Australian economy. Over the period 2009 to 2016, these include:
- More than $60 billion has been committed to Australian goods
and services to develop the Gorgon and Wheatstone Projects2
- Almost 1000 contracts have been awarded to Australian
companies to develop the Gorgon and Wheatstone Projects.
- Almost 19,000 workers have been directly employed.
- Paid $4.5 billion in Australian taxes.
- More than $1 billion has been invested in research and
development in Australia.
- More than $53 million has been invested into universities
and research institutes to help build local academic excellence
and research capability.
- Almost $300 million has been committed to community investments,
including $250 million to critical and social infrastructure in Onslow
associated with the Wheatstone Project.
- Nearly $1.6 billion has been spent on exploration activities
in Australia between 2009 and 2014, resulting in more than
25 offshore discoveries.
The projects Chevron has invested in and its other activities in Australia are expected to deliver significant long-term direct and indirect economic benefits to the Australian economy. Over the period 2009 to 20403, these include:
1Chevron’s head office activities in Australia are managed through the Australian Business Unit.
- More than $1 trillion to the Gross Domestic Product (GDP) of
Australia, nearly $32 billion per year.
- Almost 150,000 full time equivalent (FTE) job years in Australia,
nearly 5000 per year.
- $338 billion to Federal Government revenue.
- More than $320 billion added to real incomes in Australia,
around $10 billion per year.
- At full capacity, the Gorgon and Wheatstone Projects have the
capacity to produce 500TJ/d of domestic gas (domgas), around
50 per cent of current domgas supply in Western Australia.
- In operations, for every Chevron job, another job will be
created in Australia.
2Value of work done to first quarter 2015.
3The third party independent economic forecasts from ACIL Allen during the period 2009-2040 and are based on indicative estimates as of January 2015.