Chevron makes $4bn investment to keep pumping Gorgon LNG
The Chevron-led Gorgon LNG venture in Australia will proceed with a $4 billion investment for the Jansz-Io compression development that will keep customers in Asia supplied with gas for decades. Significantly, the subsea compression project, needed to move the gas from the deep seas to shore, will be the first of its kind outside of Norway.
Updated: 05/07/2021, 8:45 am
© Supplied by Chevron
The Jansz-Io compressions project ensures long-term gas supply for the Gorgon LNG project.
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Chevron to proceed with $4B Jansz-Io subsea compression project
Chevron announced that its wholly owned subsidiary Chevron Australia Pty Ltd. (Chevron Australia) as operator and the Gorgon joint venture participants will proceed with the approximately $4-billion (AU$6 billion) Jansz-Io Compression (J-IC) project.
Jansz-Io will be the first gas field outside Norway where the subsea compression technology comes to use. It is located around 200 kilometers off the Australian north-west coast at a water depth of approximately 1,350 meters (4,429 feet).
The J-IC Project objective is to unlock low pressure reserves from the Jansz-Io reservoir and maintain plateau production rates to the Gorgon Project facilities on Barrow Island (BWI).
Chevron: $4 Bln Jansz-Io Compression Project To Proceed
SAN RAMON (dpa-AFX) - Chevron Corp. (CVX) said that its wholly owned subsidiary Chevron Australia Pty Ltd. as operator and the Gorgon joint venture participants will proceed with the about $4 billion Jansz-Io Compression or J-IC project.
A modification of the existing Gorgon development, J-IC will involve the construction and installation of a 27,000-tonne normally unattended floating Field Control Station (FCS), about 6,500 tonnes of subsea compression infrastructure and a 135km submarine power cable linked to Barrow Island.
Construction and installation activities are estimated to take approximately five years to complete.
J-IC follows the Gorgon Stage 2 project, which is nearing completion of the installation phase, to supply gas to the Gorgon plant from four new Jansz-Io and seven new Gorgon wells.