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Article: World's second biggest oil and gas project given Pounds 22bn go- ahead
- Article from:
- The Independent (London, England)
- Article date:
- September 15, 2009
- Author:
CopyrightCopyright 2009 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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Australia's Gorgon field to start producing LNG in 2014
SHELL, CHEVRON and Exxon are to spend A$43bn (22bn) building the
world's second-largest oil and gas installation off western
Australia.
The Gorgon gas project will tap reserves estimated at 6.7 billion
barrels of oil equivalent. It includes platforms installed in water
1,300 metres deep, two subsea pipelines with a combined length of
240 kilometres, and a liquefied natural gas (LNG) facility on Barrow
Island capable of producing 15 million tonnes per year.
The final investment case has been a long time coming, partly
because of Gorgon's immense scale and also because of environmental
issues at Barrow Island, including the impact on the ...