Chevron Interested in Three Permits to Assess Carbon Storage Off Australia | Company


PERTH, Australia–(BUSINESS WIRE)–Sept. 8, 2022–

Chevron Corporation (NYSE: CVX), through its subsidiary Chevron Australia Pty Ltd, is one of three joint ventures that have secured an interest in three greenhouse gas assessment permits offshore Australia.

The blocks, including two in the Carnarvon Basin off the northwest coast of Western Australia and one in the Bonaparte Basin off the Northern Territory, total over 31,500 sq km or nearly 7, 8 million acres – an area larger than Belgium.

“Chevron has a unique set of capabilities and relationships to support the further deployment of carbon capture and storage in Australia,” said Mark Hatfield, general manager of Chevron’s Australia business unit. “We look forward to working with our company participants to assess the potential for storing greenhouse gases within these securities, which we hope will benefit Australia and the region for years to come. coming.”

As part of its global low-carbon strategy, Chevron is focused on carbon capture, utilization and storage (CCUS) – primarily through hubs with third-party emitters as partners and customers – renewable fuels, l hydrogen, offsets and other emerging technologies.

“In almost any scenario, CCUS is expected to be essential to achieving the net zero ambitions of the Paris Agreement and is poised to play a crucial role in reducing carbon emissions in hard-to-reduce and hard-to-reduce industries. energy-intensive industries such as LNG, refining, petrochemicals, power, steel and cement,” said Chris Powers, CCUS Vice President for Chevron New Energies. “These and other companies have also the potential to help generate higher yields and reduce the carbon intensity of our own operations.We look forward to collaborating in these efforts.

Note to Editors:

Greenhouse gas assessment permit [G-10-AP] (1,762 km2 or 680 sq mi) involves a joint venture of Chevron Australia Pty Ltd, Woodside Energy Ltd (operator), BP Developments Australia Pty Ltd , Japan Australia LNG (MIMI) Pty Ltd, equally owned by Mitsubishi Corporation and Mitsui & Co., Ltd, and Shell Australia Pty Ltd.

Greenhouse gas assessment permit [G-9-AP] (3,589 sq km or 1,385 sq mi) involves a joint venture of Chevron Australia Pty Ltd and Santos Offshore Pty Ltd (operator).

Greenhouse gas assessment permit [G-11-AP] (26,239 sq km or 10,130 sq mi) involves a joint venture of Chevron Australia Pty Ltd, Santos Offshore Pty Ltd (operator) and a subsidiary of SK E&S.

About Herringbone

Chevron is one of the world’s leading integrated energy companies. We believe that 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 improve our business and the industry. We are focused on reducing the carbon intensity of our operations and growing low-carbon businesses alongside our traditional lines of business. More information about Chevron is available at


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CONTACT: Chevron New Energies

Creighton Welch

[email protected] Australia

Cam Van Ast

[email protected]



SOURCE: Chevron Corporation

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PUBLISHED: 08/09/2022 17:00/DISC: 08/09/2022 17:02


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