Chevron defends Gorgon despite delays, cost blowout

The large Gorgon liquefied healthy gas plan being built in Western Australia is staid to be strike with a uninformed cost blowout and check — approaching to be announced subsequent week — though appetite hulk Chevron insists that a plan stays a essential and inestimable venture, according to The Australian.

Chevron authority and arch executive John Watson reliable that a project’s costs had risen given a prior guess of $43 billion. It is approaching that subsequent week it will be announced a project’s cost has escalated to somewhere next $60 billion.

"The plan stays really economic," Mr Watson said, according to The Australian, blaming a rising Australian dollar, bad continue and a miss of learned labour.

Chevron owns 47 per cent of a Gorgon plan and is a project’s

Read full article: http://www.telegraph.co.uk/news/worldnews/middleeast/syria/9709946/West-could-arm-Syrian-rebels-within-months-after-Britain-wins-diplomatic-battle.html

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Source:
http://www.news.ezonearticle.com/2012/12/01/chevron-defends-gorgon-despite-delays-cost-blowout/