Chevron Australia and the Gorgon joint venture participants have decided to proceed with the approximately AU$6 billion Jansz-Io Compression (J-IC) Project.
Chevron Eurasia Pacific Exploration and Production President, Nigel Hearne, said J-IC represents Chevron’s most significant capital investment in Australia since the sanctioning of the Gorgon Stage 2 project in 2018.
“Using world-leading subsea compression technology, J-IC is positioned to maintain gas supply from the Jansz-Io field to the three existing LNG trains and domestic gas plant on Barrow Island,” Mr Hearne said.
“This will maintain an important source of clean-burning natural gas to customers that will enable energy transitions in countries across the Asia Pacific region.”
A modification of the existing Gorgon development, J-IC will involve the construction and installation of a 27,000-tonne normally unattended floating Field Control Station (FCS), approximately 6,500 tonnes of subsea compression infrastructure and a 135 kilometre submarine power cable linked to Barrow Island.
Minister for Resources and Water, the Hon. Keith Pitt MP, said the final investment decision represents a massive vote of confidence in the future of Australia’s gas and LNG sector.
“The decision is a major step forward for the J-IC project, which will create around 350 construction jobs during the five-year development, and secure the future of around 700 Gorgon project jobs during operations.”
The Chevron-operated Gorgon Project is a joint venture between the Australian subsidiaries of Chevron (47.333 per cent), ExxonMobil (25 per cent), Shell (25 per cent), Osaka Gas (1.25 per cent), Tokyo Gas (1 per cent) and JERA (0.417 per cent).