Chevron’s second major project after Gorgon now has the official go-ahead, making Western Australia the world’s second-largest supplier of liquefied natural gas (LNG) behind Qatar.
The $29 billion Wheatstone LNG project was given federal environmental approval last week to proceed.
Wheatstone is a joint venture project with Chevron 73.6 per cent, Apache 13 per cent, Kuwait Foreign Petroleum Co (KUFPEC) 7 per cent, Shell Australia 6.4 per cent.
Located about 250 kilometres off the coast of Onslow, north-west Western Australia, gas from the field will be pumped via subsea pipelines to the onshore processing facility just north of the town of Onslow.
Up to 3,500 jobs and 3,000 indirect jobs will be created during the construction phase of approximately six years.
A permanent workforce of 300 will operate the rigs and plant.
It is expected that the project will generate a revenue stream of some $20 billion over the 20-year life of the project. Chevron has also committed to spend $17 billion on Australian goods and services over the life of the project.
A number of work packages have already been awarded:
The name Wheatstone comes from the Wheatstone Channel in the Montebello Islands, an archipelago of 174 small islands 130 kilometres off the Pilbara coast. The Montebello Islands are about 25 kilometres north of Barrow Island and 95 kilometres south of the Wheatstone gas field.
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