Chevron Australia has snapped up three exploration interests in the Carnarvon Basin off WA.

Chevron’s new acreage - to be shared 50/50 with Woodside Energy – is a big move that will see Chevron’s position as an oil and gas player in WA’s hydrocarbon basin increased.

The company already runs the sizeable Wheatstone and Gorgon offshore projects in the area, alongside Australia’s largest onshore project on Barrow Island.

“Offshore Western Australia is a global focus area for Chevron and these new exploration blocks add to our already significant gas position as the largest resource holder and liquefaction owner,” said Chevron Australia’s marketing director Nigel Hearne.

“Chevron Australia has discovered around 50 trillion cubic feet of gas resources, and through collaboration we hope to commercialise this gas through the timely and efficient use of existing equity or third-party infrastructure.

“This supports our position as a leading operator and long-term supplier of clean and reliable natural gas to customers in Western Australia and the region.”