Gorgon Cost Blowout: $52 Billion Total Project Value

PERTH, AUSTRALIA--December 7, 2012--Researched by Industrial Info Resources Australia (Sugar Land, Texas)--Chevron Australia Pty Limited (NYSE:CVX) (Perth) released its highly anticipated detailed cost and schedule review on the Gorgon project today. A $9 billion price hike brings the total estimated project value to $52 billion.