Gorgon Receives Federal Environmental Approval
Key Australian Government Approvals Now Secured for Massive Natural Gas Development
SAN RAMON, Calif., Oct. 9, 2007 - Chevron Corporation (NYSE:CVX) was advised today of the Federal Minister for the Environment's decision to issue Australian government environmental approval for the Gorgon liquefied natural gas (LNG) development proposal located off the northwest coast of Australia.
"Chevron recognizes both the state and federal governments' thorough environmental review process," said George Kirkland, executive vice president, Upstream and Gas. "This environmental approval is based on four years of extensive work and collaboration, which included a wide range of local and global scientific experts, conservation groups and government agencies.
"We look forward to continuing that collaboration as we work toward developing Australia's vast natural gas resources in a responsible and internationally competitive manner."
The Federal Minister for the Environment's decision follows state environmental approval received from the West Australian Minister for the Environment earlier in September.
Headquartered in Perth, Western Australia, Chevron Australia is operator and 50 percent joint-venture participant in the Gorgon Project; a joint-venture participant in the North West Shelf Venture; operator and joint venture-participant in the Barrow Island and Thevenard Island oil fields; and operator of significant exploration acreage located off the northwest coast of Australia.
Chevron Corporation is one of the world's leading integrated energy companies. The company has about 58,000 employees, and Chevron's subsidiaries conduct business in approximately 180 countries. Chevron operates across the entire energy spectrum-exploring for, producing and transporting crude oil and natural gas; refining, marketing and distributing fuels and other energy products; generating power; designing and marketing large-scale energy efficiency solutions; and commercializing the energy resources of the future, including biofuels and other renewables. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Updated: October 2007