I heard that some Gorgon expansion work might have started, because they still need to backfill the foundation trains, is that true? I thought Chevron told Wall Street that major capital spending was done, or is this work not significant capital spend?
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You also have a bunch of guys in the prc module center of excellence that also need to be held accountable for the staggering cost overruns on gorgon, Wheatstone and FGP. 3D model reviews have been extremely late on all three projects causing a huge trickle down impact on project execution. Horrible written contracts and contracting strategy has deferred millions of hours to the field. Not negotiating upfront with Australian union memebers has caused disastrous results. All these individuals from this module center of excellence has cost the company billions and they need to be held accountable
Gordon and Wheatstone sadly are failed projects. We will not see a payout in Australia for far too long. Break even at best.
The $5 billion is for extra wells and manifolds for the Gorgon and Jansz fields. I believe invitations for bids have gone out.
The compression platform that is needed later is for the Jansz field. There is a team working on it in Perth.
None of this is for more trains, just to keep full the three trains that have been built.
"Center of Excellence"? Center of something else is more like it. The sad thing is that Chevron has no one who knows what "Excellence" is and who the real experts are. Hint: Go outside and find them. There are a few excellent ones out there.
You have a bunch of guys in the lng center of excellence trying to justify their existence. Chevron needs to fire the lot
Gorgon expansion will not happen. Too many other options look more attractive with less spend. JV won't approve it either after the debacle of foundation.
Gas supply will require another 5 billion in capex.
gorgon needs a platform
I smell another epic Chevron MCP, with all the efficiency, schedule performance and quality results that have gone (out the window) before.