PERTH, Western Australia -- Chevron Australia, operator for the Gorgon project, has received state environmental conditions for the Gorgon Project from the West Australian Minister for the Environment.
"The Minister's decision to issue state environmental approval for the Gorgon development proposal is an important project milestone," says Colin Beckett, Chevron Australia general manager for the area. "We have always believed that the Gorgon Project can be developed in a way that continues to protect the conservation values of Barrow Island while generating significant economic benefits."
Chevron, ExxonMobil, and Shell are committed to moving the Gorgon project forward on Barrow Island and are aligned in their efforts, Chevron says.
"We are doing as much work as possible to ensure this valuable Australian gas resource is developed responsibly, effectively, and efficiently," Beckett says.
Gorgon holds an estimated 40 tcf of gas and has a nominal development life of around 60 years. It is operated by the Australian subsidiary of Chevron in a joint venture with Australian subsidiaries of ExxonMobil and Shell.