ChevronTexaco Australia Pty has established an agreement with The Western Australian Energy Research Alliance to undertake petroleum industry research, technology development, and education and training projects.
The alliance will provide for the development of multiple research projects with an investment target by ChevronTexaco of up to A$5 million per annum. The alliance will be known as the Western Australian Alliance for Advanced Energy Solutions.
ChevronTexaco Australia managing director Jay Johnson said short- and long-term projects initially would focus on oil and gas exploration and development; hydrocarbon processing; industry-related health, safety and environmental issues; and education and training initiatives. Future research also could support the development of emerging technologies, such as those associated with the hydrogen economy.
The new technologies and new applications of existing technologies that we hope to develop and deploy is expected to further improve our business in areas of particular relevance to our interests in Australia, such as deepwater seismic acquisition and interpretation; the drilling and production of high volume large bore wells; remote subsea production systems; and carbon dioxide capture and long-term containment, Johnson added.