Jul. 2010 - Chevron has proposed that its Wheatstone LNG plant in Western Australia will have a maximum annual production capacity of 25 million metric tons. The large developing project will reduce the need for future expansions, and will also lessen the need for future LNG-related developments nearby, reported Dow Jones. The Wheatstone project also consists of a plant with a capacity of 625 MMcf/d that will supply the domestic market. The operator remains on track to make a final investment decision in the second half of 2011. The Wheatstone Project will produce from exploration permits WA-253-P, WA-17-R, and WA-16-R, located roughly 90 miles (145 kilometers) offshore, approximately 62 miles (100 kilometers) north of Barrow Island and 140 miles (225 kilometers) north of Onslow.

Jan. 2010 - Chevron and Kyushu Electric Power Company signed an agreement for the delivery of LNG from the Gorgon and Wheatstone projects. Under the agreement, Kyushu expects to receive 0.3 million tons per annum (mtpa) of LNG for 15 years from the Gorgon project and plans to purchase 0.7 mtpa of LNG from the Wheatstone project for 20 years. The agreement also calls for Kyushu Electric to acquire 1.83% of Chevron's equity share in the Wheatstone field and a 1.37% share in the onshore processing facilities. Combined with its equity stake in production, Kyushu will take 0.8 mtpa of LNG from the Wheatstone project. Construction of the Gorgon project started in the second half of 2009 and first gas is planned for 2014. The Wheatstone project started the FEED phase in July 2009, and a final investment decision is expected in 2011.

Dec. 2009 - The Government of Western Australia offered two retention lease renewals of exploration permits WA-16-R and WA-17-R, for the Wheatstone LNG project. Norman Moore, Minister for Mines and Petroleum said, "granting the leases (WA-16-R and WA-17-R) in Commonwealth Offshore Waters would help achieve the earliest possible commercial development of the State's vast offshore gas resources." A final investment decision of the project will be made in 2011. Chevron holds 100% interest in the WA-17-R permit and 66.7% interest in the WA-16-R permit. Shell holds the remaining 33.3% interest in WA-16-R.

Dec. 2009 - Chevron and Tokyo Electric Power Company (TEPCO) signed an agreement for the delivery of 4.1 million tons per annum of LNG for up to 20 years from the Wheatstone project. TEPCO will also acquire 15% of Chevron's equity share in the project and an 11.25% interest in the Wheatstone natural gas processing facilities that will be developed onshore. Located offshore Western Australia in the Northern Carnarvon Basin, the Wheatstone project will be developed in several phases, with the first phase seeing the completion of two LNG processing trains and a domestic gas plant with the capacity to process 8.6 MTPA of LNG. Chevron expects production to commence in 2016.

Dec. 2009 - Two engineering and design contracts were recently awarded by Chevron related to its Australian Wheatstone LNG project. Intecsea received a contract for the design of the gas gathering facilities and pipelines for the project; Technip received the other contract for the design of the field's production platform. Discovered in 2004, Wheatstone is located in the WA-253-P and WA-17-R permit areas offshore Australia and is being developed as a greenfield onshore LNG and domestic gas project.

Oct. 2009 - Chevron signed an agreement with Apache Julimar Pty Ltd, a subsidiary of the Apache Corporation, and KUFPEC Australia (Julimar) Pty Ltd, a subsidiary of the Kuwait Foreign Petroleum Exploration Company k.s.c., to bring them into Chevron's Wheatstone LNG project as natural gas suppliers and 25% equity partners in the project facilities. Under the agreement, Apache and KUFPEC will provide natural gas from their Julimar and Brunello fields, located in northwestern Australia, to supply 25% of the inlet gas to trains 1 and 2 of the Wheatstone project. Apache will assume a 16.25% equity interest and KUFPEC an 8.75% equity interest in the project. Chevron will remain the project operator.

Jul. 2009 - Chevron announced the award of a FEED contract for the first phase of the Wheatstone natural gas development in northwest Australia. The contract consists of two LNG processing trains, each with a capacity of about 4.3 million tons per year and a domestic gas plant. The facility will be supplied initially from Chevron's 100% interest in the Wheatstone Field and the Chevron-operated Iago Field. The facility will be located at Ashburton North on the mainland of Western Australia. Chevron expects to make a final investment decision on the Wheatstone project in 2011.

Feb. 2009 - Chevron Corporation announced the successful results of a seven-well exploration and appraisal program for the Wheatstone and Iago fields in northwest Australia. Following the completion and analysis of the appraisal program, the fields are estimated to hold enough natural gas resources to support a two-train Wheatstone liquefied natural gas (LNG) and domestic gas project.

Jul. 2008 - Chrvron announced a significant extension of the Chevron-operated Iago gas field located 80 miles offshore northwestern Australia in permit WA-16-R and WA-17-R.

Mar. 2008 - Chevron Australia plans to develop a new Australian liquefied natural gas (LNG) project, based on its 100 percent-owned Wheatstone natural gas discovery. The facility will be located on the northwest coast of mainland Australia and have initial capacity of at least one 5 million-ton-per-annum LNG production train with expansion capacity for additional production trains. The facility will also provide commercial domestic gas to the local market.

Aug. 2004 - ChevronTexaco has made a significant natural gas discovery at its Wheatstone-1 well, located offshore 110 miles west-northwest of Dampier in Western Australia. A production test on the well, in retention lease WA-17-R, established a flow rate of 54 million cubic feet per day, which was constrained by rig equipment.