XOM - Chevron Australia Pty to go ahead with $4B Jansz-Io Compression Project

Chevron Australia Pty, a wholly owned subsidiary of Chevron Corporation (CVX) as operator and partners in Gorgon joint venture will proceed with the ~$4B Jansz-Io Compression (J-IC) project. This project will improve gas recovery from offshore wells and keep the huge liquefied natural gas plant filled for 40 years. Nigel Hearne, Chevron Eurasia Pacific Exploration and Production president, said, “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. 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.” It involves the construction and installation of a 27,000-tonne normally unattended floating Field Control Station, approximately 6,500 tonnes of subsea compression infrastructure and a 135km submarine power cable linked to Barrow Island. The construction and installation activities would take approximately

For further details see:

Chevron Australia Pty to go ahead with $4B Jansz-Io Compression Project