Chevron to sell plant, fields off W. Australia

Perth-based Chevron Australia Pty. Ltd. has put is 51.43% interest and operatorship of the Thevenard Island oil and gas facility and surrounding oil fields up for sale via competitive bids.

Apr 24th, 2007

Rick Wilkinson
OGJ Correspondent

MELBOURNE, Apr. 24 -- Perth-based Chevron Australia Pty. Ltd. has put is 51.43% interest and operatorship of the Thevenard Island oil and gas facility and surrounding oil fields up for sale via competitive bids.

The assets, in the Carnarvon basin about 25 km off Western Australian, include the island processing plant, storage facilities, and offshore tanker loading facilities as well as offshore producing oil fields Saladin, Roller, Skate, Yammaderry, Cowle, and Crest.

Other companies holding interest in the Thevenard Island assets are Santos Ltd. 35.7% and Mobile Australia Resources 12.8%.

Chevron said the Thevenard operation no longer fits its asset portfolio and growth strategy, which includes the huge Gorgon LNG project and surrounding exploration acreage further offshore.

More in General Interest