DomGas Alliance pushes for Chevron and Santos to develop Clio-Acme and Corvus fields

The DomGas Alliance are advocating for the unlocking of offshore gas fields to prevent a potential shortage in Western Australia. Currently there are 22 retention leases under review by the Federal Government, allowing companies to hold resources not yet commercially viable.

The DomGas Alliance propose expediting development at several fields near the North West Shelf Venture's Karratha plant, estimating that this could yield 12 trillion cubic feet of gas, enough to avert an expected shortage by the end of the decade.

Oil and gas firms weigh development against long-term plant operation costs. The Alliance argues that maintaining resources for Chevron's Wheatstone and Gorgon plants is unwarranted given the looming supply deficit in WA and highlight the benefits of proximity to existing infrastructure for future field development and domestic gas reservation policy compliance.

Chevron, with significant investments in WA, views Gorgon and Wheatstone as long-term projects, identifying backfill fields to sustain production and support local energy needs.

The company plans a $12 billion subsea program to develop future fields. The Alliance's call aligns with recent calls for tougher action on the retention system by the State Government and targets specific fields in the Carnarvon Basin for development.

The Federal Government is considering improvements to the offshore petroleum regime in its Future Gas Strategy. Read the full article here.