WA-528-P, WA-529-P and WA-530-P cover 23,170 square kilometres and are located roughly 220 km northwest of Dampier off the West Australian coast.
Chevron will be operator with a 50 per cent interest in the blocks, with Woodside Energy controlling the remaining 50 per cent.
“Offshore Western Australia is a global focus area for Chevron and these new exploration blocks add to our already significant gas position as the largest resource holder and liquefaction owner,”? said Chevron Australia Managing Director Nigel Hearne.
“Chevron Australia has discovered around 50 Tcf of gas resources, and through collaboration we hope to commercialise this gas through the timely and efficient use of existing equity or third-party infrastructure.”?
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 invests in exploration around the country.