Chevron backs Australia CCS research

Bulk of A$38mn commitment aimed at SLB-led project to identify CCS opportunities offshore Western Australia

The Australian arm of US energy company Chevron has earmarked A$38mn ($26.2mn) for CCS research projects in the states of Western Australia and Victoria. The investment will go towards meeting CCS spending commitments made by the company in relation to two deepwater oil exploration permits it was previously granted in the Great Australian Bight. Chevron has committed A$22mn ($15.2mn) to the Barrow Dampier CCS regional study, which is led by US oil services company SLB. The study is focused on identifying new CCS opportunities in the Carnarvon basin offshore Western Australia. The major has also committed A$16mn ($11mn) to support the development of new infrastructure at the Otway Internation