Chevron has been investing in Australia for more than 60 years and its natural gas projects are delivering long-term benefits to the Australian economy.
Over the period 2009 to 2040, the projects Chevron has invested in and the activities of its Australian subsidiaries are expected to contribute more than A$1 trillion to Australia’s gross domestic product – nearly A$32 billion per year.
The Gorgon and Wheatstone-led natural gas projects, located off the northwest coast of Western Australia, will be instrumental in Australia’s future as a leading global LNG exporter.
World-class sustainable development practices have seen the Gorgon project developed responsibly on a Class A nature reserve. Gorgon’s innovative Carbon Dioxide Injection project – the largest of its kind in the world – will reduce greenhouse emissions from Gorgon by 40 per cent.
The Gorgon and Wheatstone projects have committed more than A$45 billion in total to Australian goods and services suppliers that support these projects, boosting development in regional Australia.
Suppliers such as Western Australia’s Total Marine Technology (TMT), a manufacturer of remotely operated underwater vehicles (ROVs) and tools, have reaped the benefits of Chevron’s business.
‘We weren’t sure our credentials were established enough to supply… to a project as large as Gorgon,’ says TMT CEO Paul Colley. ‘Chevron listened to us and TMT was awarded one of the most significant contracts in our history, allowing us to establish a track record to prove our ROVs to the world. In addition to doubling our number of employees, we’ve grown internationally with offices in Brazil and Malaysia.’
A strong supporter of Australian innovation, Chevron Australia partners with the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Curtin University and the University of Western Australia on world-leading technology and energy research. Since 2009, Chevron Australia has invested about A$1 billion in R&D activities in support of the Gorgon and Wheatstone projects.