Chevron Australia is one of chevrons global focus areas with 50 TVF of total discarded gas resources, 25 discovers 2009-2014 and added 10 TCF resource. Chevrons Gorgan project alone is 37 TCF of resource discarded in the greater Gorgan Area. A total of 54 billion USD investment with 15.6 MTPA LNG facility and domestic gas plant. Plant start up and first gas mi-2015 expected. Having a net production of approximately 213 MBOED including 9,500 barrels per day. The Gorgan project is showing progress 893% complete with 6,800 people on site and all 21 LNG and 1 modulus delivered. However Gorgan isn’t the only project for investors to invest in Australia. The Wheatstone Project has 9 TCF of discovered resources in Wheatstone and Lago gas fields. A 29 Billion USE Investment with 8.9 MTPA LNG and domestic gas plant. On schedule for late 2016 start-up with a projected 180 MBOED including 17,800 barrels per day condensate construction is about 40 % complete with 3,800 people on site. Based on graphs and presented material during the event the Australia Investor meeting was without a drought a significant …show more content…
This was again another significant event that showed positive gains for chevron. Unconventional resources nearly double the size of the Worlds recoverable gas Resources, About 14,38 trillion cubic feet in conventional methods and 12,227 trillion cubic feet in unconventional. Natural Gas from shale enables sustained growth in US Natural Gas supply for decades. The Payoff of natural gas from shale is promising by 2035 1.6 million jobs will be created $57 billion government revenue annually, and $2,000 savings per household. In Northeast U.S Just Marcellus building execution capability to intersect more robust gas market, with 100 wells drilled in 2012 and 8 rigs running, remaining carry 850 million at YE