Chevron Acquires Two Blocks Offshore Australia

Chevron has announced that its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, offshore South Australia. 

Blocks S12-2 and S12-3 span more than 8 million acres (32,375 sq kms).

Melody Meyer, president of Chevron Asia Pacific Exploration and Production Company, said, “The acquisition of blocks S12-2 and S12-3 demonstrates Chevron’s continued focus on pursuing high-impact exploration opportunities to expand its resource base and reinforces the importance of Australia to Chevron’s global growth strategy.”

The company believes Bight Basin is similar in size to the Gulf of Mexico, and these two blocks contain significant exploration potential.

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