BY JACOB GRONHOLT-PEDERSEN
In January, Chevron moved its Asia-Pacific headquarters to
Singapore from San Ramon in an effort to better manage its
The move came at critical time for America's third-largest
company, which has placed big bets on Australia even as project costs there have
At Chevron's Western Australia Gorgon site, a joint development
with Shell and Exxon Mobil that plans to ship super cooled
natural gas to export markets in Japan, South Korea and China
by 2015, cost estimates have risen by $9 billion, or more than
20%, to $52 billion due to rising labor costs, harsh weather
and logistics challenges at the Barrow Island nature
Rising costs may jeopardize planned expansion of the project, and analysts say the nearby
Wheatstone project, scheduled to come online a
year after Gorgon, could face similar hurdles.
Melody Meyer, Chevron's Asia-Pacific head of exploration and
production, moved to Singapore late last year, ahead of the
operation's official relocation.
A 34-year Chevron veteran, Ms. Meyer stands as one of the
few women at the senior-executive level for multinational
In an interview with The Wall Street Journal, Ms. Meyer
discussed the hurdles Chevron faces in Australia and the
challenges of managing more than 11,600 employees in Chevron's
exploration and production division across Asia.
Dow Jones Newswires