Chevron' s exploration acquisition adds to opportunities in Australia
SAN RAMON, Calif. -- Chevron Corporation' s Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin.
Blocks S12-2 and S12-3, which span more than 8 million acres (32,375 sq km), are located approximately 275 mi (443 km) west of Port Lincoln off the South Australia coast. Chevron Australia is the operator with a 100 percent interest.
Melody Meyer, president of Chevron Asia Pacific Exploration and Production Company, said, "The acquisition of blocks S12-2 and S12-3 demonstrates Chevron' s continued focus on pursuing high-impact exploration opportunities to expand its resource base and reinforces the importance of Australia to Chevron' s global growth strategy."
Chevron Australia managing director Roy Krzywosinski added, "We are extremely pleased to be awarded the S12-2 and S12-3 offshore blocks located in the Bight Basin. The Bight Basin is similar in size to the Gulf of Mexico, and these two blocks contain significant exploration potential."