Chevron to Complete Australia’s Most Significant Resource Developments, Wheatstone Project

The Chevron operated Wheatstone Project, one of Australia’s most significant resource developments, is making significant progress and is now 57% complete. The project is now 57 percent complete. At the LNG plant, civil site preparations are now complete. The roofs on both LNG tanks have been raised.

In addition, all nine production wells have been drilled to the reservoir top, the gravity base and 44” trunkline installed and four of the 24 major process modules delivered.

At the Materials Offloading Facility, the breakwater is taking shape as shipments continue to arrive at South Quay.

The Wheatstone Project is one of Australia’s largest resource projects – providing greater security of supply and significant economic benefits such as employment, government revenue and local business opportunities.

The Wheatstone Project will include an onshore facility located at Ashburton North Strategic Industrial Area (ANSIA), 12 kilometres west of Onslow in Western Australia’s Pilbara region. The foundation project includes two LNG trains with a combined capacity of 8.9 million tonnes per annum (MTPA) and a domestic gas plant.

The Wheatstone Project is a joint venture between Australian subsidiaries of Chevron (64.14 percent), Kuwait Foreign Petroleum Exploration Company (KUFPEC) (13.4 percent), Woodside Petroleum Limited  (13 percent), and Kyushu Electric Power Company (1.46 percent), together with PE Wheatstone Pty Ltd, part owned by TEPCO (8 percent).

The project site at ANSIA, is an ideal location for an LNG hub given its proximity to the vast gas resources in the Western Carnarvon Basin.

Eighty percent of the Wheatstone Project’s foundation capacity will be fed with natural gas from the Wheatstone and Iago fields, which are operated by Chevron Australia in joint venture with Australian subsidiaries of Kuwait Foreign Petroleum Exploration Company (KUFPEC) and Kyushu Electric Power Company, together with PE Wheatstone Pty Ltd (part owned by TEPCO).

The remaining 20 percent of gas will be supplied from the Julimar and Brunello fields held by Australian subsidiaries of Woodside Petroleum Limited and Kuwait Foreign Petroleum Exploration Company (KUFPEC).

Around 85 percent of Chevron’s equity LNG from the Wheatstone Project has been committed to premier LNG buyers.