chevron australia has a substantial portfolio of exploration acreage in the northern carnarvon basin

Western Australia’s abundance of natural gas is a key resource for Australia and has enabled the country to become a significant energy player on the world stage. Since mid-2009, we have discovered a total of ten trillion cubic feet of resources – more than 1.5 billion barrels of oil equivalent.

Our exploration and appraisal program is an important part of building economic prosperity here in Australia and around the globe.

We have a significant holding of oil and gas exploration acreage in Australia and we always look at opportunities to expand our resource base and add to our asset portfolio. We have an impressive queue of projects that will support energy security for Australia and drive growth.

Success starts with the geology. It requires a detailed regional understanding of the potential of a basin to identify reservoirs and hydrocarbon traps. We have a talented and creative exploration team with global experience who utilise the latest technologies to find new opportunities and prospects.

We hold a substantial natural gas resource position offshore northwest Australia and our operated interest spans about 20,000 square kilometres of acreage.

We continue to refresh our holdings, most recently acquiring new exploration acreage of about 3200 square kilometres (WA-553-P) in the Northern Carnarvon Basin.