29 April 2024
Chevron's exit from Great Australian Bight prompts angry government response
Publication date: 13 October 2017
Gas Strategies Group
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ISSN: 0964-8496
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Chevron has abandoned plans to explore the ultra-deep Great Australian Bight (GAB) area, offshore South Australia, claiming the highly prospective region is “not able to compete for capital in Chevron’s global portfolio” in the current low oil price environment.
The US major’s decision comes a year after ...