12-07-08 Gas discoveries at the Iago-2 well, a previously untested reservoir, showed a flow rate of 53 mm cfpd, Chevron said.
Chevron said the Iago-2 well had strong future development prospects given its relatively shallow water location and close proximity to Chevron's Wheatstone field.

Chevron said in March it plans to develop a 5 mm-tpy LNG export facility to be supplied from Wheatstone, which has about 4.5 tcf of gas.
"We continue to progress a multi-train Wheatstone LNG and domestic gas development with a view to entering the front-end engineering and design phase next year for a green field mainland gas facility," Roy Krzywosinski, Managing Director of Chevron Australia, said.

Chevron is also operator of the Gorgon LNG venture in west Australia, with Royal Dutch Shell.
The massive Gorgon project has suffered repeated delays to an original 2006 approval date due to a lengthy environmental approval process and cost pressures. There is growing uncertainty as to whether Chevron and its partners will go ahead with Gorgon, as venture partners commit to competing LNG projects in the region.