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CME welcomes $6 billion Chevron investment decision

The Chamber of Minerals and Energy of WA (CME) welcomes today’s announcement by Chevron of a $6 billion investment in subsea compression technology that will help ensure the Gorgon project continues to supply gas to customers in WA and Asia for decades to come. 

The final investment decision by Chevron Australia and its joint venture participants will help maintain long-term supply from the Jansz-lo gas field and will enable the future tie-in of other fields within the Greater Gorgon Area. 

It would be the biggest capital investment by Chevron Australia since Gorgon Stage 2 in 2018. 

“I’m very pleased to learn of this decision, which reflects the high level of innovation the Gorgon Project is known for,” CME Chief Executive Paul Everingham said. 

“The use of subsea compression technology, which is proven internationally but is being used in Australia for the first time, is an example of the way operators in the WA mining and resources sector are continually striving to find smarter ways to do things. 

“I know Chevron is keen to ensure there will be meaningful contracting opportunities for Australian businesses over the project’s estimated five-year construction and installation. 

“With more than 350 jobs during construction, a further 20 ongoing operational roles being supported by the project, and the long-term future of up to 700 full-time Gorgon roles set to be secured because of it – this investment decision will have very positive employment outcomes for WA.”