Chevron Corporation acquires offshore blocks inBight Basin

Chevron acquires exploration interests in two offshore blocks in Australia

5:06 AM, 28th October 2013
Chevron Corporation business news

SAN RAMON, US: 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 square kilometre), are located approximately 275 miles (443 kilometre) west of Port Lincoln off the South Australia coast. Chevron Australia is the operator with a 100 per cent interest.

“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,” said Melody Meyer, President, Chevron Asia Pacific Exploration and Production Company.

 

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