Chevron Corporation announced further drilling success by its Australian subsidiary in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon basin.
The Satyr-2 exploration discovery well confirmed approximately 128 feet (39 meters) of net gas pay. The well is located in the WA-374-P permit area approximately 75 miles (120 kilometers) northwest of Barrow Island off the Western Australian coast. The well was drilled in 3,570 feet (1,088 meters) of water to a total depth of 12,454 feet (3,796 meters). Satyr-2 is Chevron’s fifteenth discovery in Australia since mid-2009.
George Kirkland, vice chairman, Chevron Corporation, said, “ This new discovery in the Greater Gorgon Area further highlights the quality of Chevron’s exploration capability in the region and the significance of Australia to Chevron’s energy portfolio. ”
Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company , said, “T he continued exploration success in the Carnarvon Basin could help underpin expansion opportunities at our LNG projects in Australia and support our drive to become a leading supplier of liquefied natural gas to world markets and domestic gas to Western Australia .”
Chevron Australia is the operator of WA-374-P with a 50 percent interest while Shell and Exxon Mobil each hold 25 percent.
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LNG World News Staff, September 19, 2012