Project ensures long-term gas supply from
Gorgon to customers in Australia and Asia
Chevron Corporation (NYSE: CVX) today announced that its wholly
owned subsidiary Chevron Australia Pty Ltd. (Chevron Australia) as
operator and the Gorgon joint venture participants will proceed
with the approximately $4 billion (AU$6 billion) Jansz-Io
Compression (J-IC) project.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210701005975/en/
Jansz-Io Compression project - Field
Control Station and Subsea Compression Station. (Photo: Business
Wire)
Nigel Hearne, Chevron Eurasia Pacific Exploration and Production
president, said J-IC represents Chevron’s most significant capital
investment in Australia since the sanctioning of the Gorgon Stage 2
project in 2018.
“Using world-leading subsea compression technology, J-IC is
positioned to maintain gas supply from the Jansz-Io field to the
three existing LNG trains and domestic gas plant on Barrow Island,”
Hearne said.
“This will maintain an important source of clean-burning natural
gas to customers that will enable energy transitions in countries
across the Asia Pacific region.”
A modification of the existing Gorgon development, J-IC will
involve the construction and installation of a 27,000-tonne
normally unattended floating Field Control Station (FCS),
approximately 6,500 tonnes of subsea compression infrastructure and
a 135km submarine power cable linked to Barrow Island.
Construction and installation activities are estimated to take
approximately five years to complete.
J-IC follows the Gorgon Stage 2 project, which is nearing
completion of the installation phase, to supply gas to the Gorgon
plant from four new Jansz-Io and seven new Gorgon wells.
The Chevron-operated Gorgon Project is a joint venture between
the Australian subsidiaries of Chevron (47.333 percent), ExxonMobil
(25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo
Gas (1 percent) and JERA (0.417 percent).
Chevron is one of the world’s leading integrated energy
companies. We believe affordable, reliable and ever-cleaner energy
is essential to achieving a more prosperous and sustainable world.
Chevron produces crude oil and natural gas; manufactures
transportation fuels, lubricants, petrochemicals and additives; and
develops technologies that enhance our business and the industry.
To advance a lower-carbon future, we are focused on cost
efficiently lowering our carbon intensity, increasing renewables
and offsets in support of our business, and investing in low-carbon
technologies that enable commercial solutions. More information
about Chevron is available at www.chevron.com.
NOTICE
CAUTIONARY STATEMENTS RELEVANT TO
FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR”
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995
This news release contains forward-looking statements relating
to Chevron’s operations that are based on management's current
expectations, estimates and projections about the petroleum,
chemicals and other energy-related industries. Words or phrases
such as “anticipates,” “expects,” “intends,” “plans,” “targets,”
“advances,” “commits,” “forecasts,” “projects,” “believes,”
“approaches,” “seeks,” “schedules,” “estimates,” “positions,”
“pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,”
“trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,”
“strategies,” “opportunities,” “poised,” “potential” and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, many of which are beyond the company’s control and
are difficult to predict. Therefore, actual outcomes and results
may differ materially from what is expressed or forecasted in such
forward-looking statements. The reader should not place undue
reliance on these forward-looking statements, which speak only as
of the date of this news release. Unless legally required, Chevron
undertakes no obligation to update publicly any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Among the important factors that could cause actual results to
differ materially from those in the forward-looking statements are:
changing crude oil and natural gas prices and demand for our
products, and production curtailments due to market conditions;
crude oil production quotas or other actions that might be imposed
by the Organization of Petroleum Exporting Countries and other
producing countries; public health crises, such as pandemics
(including coronavirus (COVID-19)) and epidemics, and any related
government policies and actions; changing economic, regulatory and
political environments in the various countries in which the
company operates; general domestic and international economic and
political conditions; changing refining, marketing and chemicals
margins; the company’s ability to realize anticipated cost savings,
expenditure reductions and efficiencies associated with enterprise
transformation initiatives; actions of competitors or regulators;
timing of exploration expenses; timing of crude oil liftings; the
competitiveness of alternate-energy sources or product substitutes;
technological developments; the results of operations and financial
condition of the company’s suppliers, vendors, partners and equity
affiliates, particularly during extended periods of low prices for
crude oil and natural gas during the COVID-19 pandemic; the
inability or failure of the company’s joint-venture partners to
fund their share of operations and development activities; the
potential failure to achieve expected net production from existing
and future crude oil and natural gas development projects;
potential delays in the development, construction or start-up of
planned projects; the potential disruption or interruption of the
company’s operations due to war, accidents, political events, civil
unrest, severe weather, cyber threats, terrorist acts, or other
natural or human causes beyond the company’s control; the potential
liability for remedial actions or assessments under existing or
future environmental regulations and litigation; significant
operational, investment or product changes required by existing or
future environmental statutes and regulations, including
international agreements and national or regional legislation and
regulatory measures to limit or reduce greenhouse gas emissions;
the potential liability resulting from pending or future
litigation; the company's ability to achieve the anticipated
benefits from the acquisition of Noble Energy, Inc.; the company’s
future acquisitions or dispositions of assets or shares or the
delay or failure of such transactions to close based on required
closing conditions; the potential for gains and losses from asset
dispositions or impairments; government mandated sales,
divestitures, recapitalizations, industry-specific taxes, tariffs,
sanctions, changes in fiscal terms or restrictions on scope of
company operations; foreign currency movements compared with the
U.S. dollar; material reductions in corporate liquidity and access
to debt markets; the receipt of required Board authorizations to
pay future dividends; the effects of changed accounting rules under
generally accepted accounting principles promulgated by
rule-setting bodies; the company’s ability to identify and mitigate
the risks and hazards inherent in operating in the global energy
industry; and the factors set forth under the heading “Risk
Factors” on pages 18 through 23 of the company's 2020 Annual Report
on Form 10-K and in other subsequent filings with the U.S.
Securities and Exchange Commission. Other unpredictable or unknown
factors not discussed in this news release could also have material
adverse effects on forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210701005975/en/
Cam Van Ast (Perth) -- +61 8 9216 4462
Grafico Azioni Chevron (NYSE:CVX)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Chevron (NYSE:CVX)
Storico
Da Apr 2023 a Apr 2024