A new world-class natural gas operation set to deliver decades of prosperity to Australia
PERTH, Western Australia, 1 December 2017 – Chevron Australia and its joint venture participants today commemorated the Wheatstone Project near Onslow, Western Australia.
Chevron Corporation Chairman and Chief Executive Officer, John Watson was joined at the Wheatstone plant site by Western Australian Premier, Hon. Mark McGowan MLA, other government dignitaries, joint venture partners, customers, community leaders and Chevron management.
Speaking at the event exactly six years since the first ground-breaking at the Wheatstone plant site, Chevron Australia Managing Director Nigel Hearne congratulated the thousands of people who contributed to the safe delivery of the first liquefied natural gas (LNG) cargo.
“Thousands of people have worked together to safely deliver Wheatstone – both in Australia and across the globe. Wheatstone is a legacy asset that will be an important contributor to the Australian economy for the next 40 years, providing significant economic, social and community benefits.
“Wheatstone is a great example of the success possible through collaboration with our customers, joint venture partners, government, community, suppliers and our workforce,” said Hearne.
Hearne added, “Wheatstone, along with the Gorgon Project, forms part of a new generation of facilities positioning Australia as a leading and reliable supplier of affordable natural gas to the world."
Wheatstone is Australia’s first third-party natural gas hub enabling future development of the vast natural gas resources offshore Western Australia. At full capacity, the Wheatstone Project’s two train LNG facility is expected to contribute around six percent of the Asia Pacific region’s total future LNG production, delivering 8.9 MTPA of LNG for export to customers in Asia.
The Project’s domestic gas plant also has the capacity to produce 200 terajoules per day of domestic gas for the Western Australian market. When combined with domestic gas from the Chevron-operated Gorgon Project, there is capacity to produce 500 terajoules per day which is 50 percent of current domestic gas supply in Western Australia1.
The Chevron-operated Wheatstone LNG facility is a joint venture between Australian subsidiaries of Chevron (64.14 percent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 percent), Woodside Petroleum Ltd (13 percent), and Kyushu Electric Power Company (1.46 percent), together with PE Wheatstone Pty Ltd, part owned by JERA (8 percent). Chevron holds an 80.2 percent interest in the offshore licenses containing the Wheatstone and Iago fields.
Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 60 years. With the ingenuity and commitment of thousands of workers, Chevron Australia operates the Gorgon and Wheatstone LNG and domestic gas projects; manages its equal one-sixth interest in the North West Shelf Venture; operates Australia’s largest onshore oilfield on Barrow Island; and is a significant investor in exploration.
1. ACIL Allen economic modelling (2015)
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