Chevron announced today that its Australian subsidiary has acquired exploration interests in two offshore blocks located in the Bight Basin, a deepwater frontier basin.
Blocks S12-2 and S12-3, which span more than 8 million acres, are located approximately 275 miles west of Port Lincolnoff the South Australia coast.
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.”
Chevron Australia is the operator with a 100% interest.
The cost of this acquisition is currently unknown.