Chevron Australia New Ventures Pty Ltd., a Chevron Corp. subsidiary, has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia, as operator of a joint venture with Woodside Energy Ltd.
The G-18-AP permit covers an area of about 8,467 sq km at water depth of 50-110 m offshore Onslow that will be evaluated as part of a hub for storing third party emissions, including those from Chevron’s operated LNG assets, the company said in a release Aug. 22.
Chevron will hold a 70% participating interest in the permit, and Woodside will hold the remaining 30%. Chevron agreed to farm down 5% of its equity in the permit to GS Caltex (GSC) of Korea, conditional on regulatory approvals and other matters.
This block award adds to Chevron’s non-operated interests in G-9-AP, G-10-AP and G-11-AP as well as operating the Gorgon carbon capture and strorage (CCS) project which has now captured and stored 10 million tonnes of CO2-equivalent, the operator said (OGJ Online, Aug. 8, 2019).
