Chevron once again strikes gas in Australia
15 Dec 2009
US oil giant, Chevron, the largest holder of untapped natural gas resources in Australia, after having made a gas find in the off-shore Carnarvon Basin in October, (See: Chevron strikes it rich with another gas find in Australia) has made another gas discovery in a exploration well in the same location.
In October, Chevron made a significant gas discovery in the exploration well Achilles-1 in the Carnarvon Basin offshore Western Australia and this time, the energy producer struck gas in another exploration well, the Satyr-1 located in the same area.
Both these gas discoveries off Western Australia will help Chevron support its long-term growth plans for the expansion of the $37-billion Gorgon liquefied natural gas project. (See: Chevron says partners Exxon, Shell approve Gorgon LNG Project)
The San Ramon, California-based Chevron, the second-largest energy producer in the US said yesterday that its subsidiary Chevron Australia Pty Ltd discovered an additional natural gas discovery in the Carnarvon Basin offshore Western Australia.
The discovery is located in Australia's premier hydrocarbon basin, where Chevron is the leading leaseholder.
The exploration well, Satyr-1, located 100 miles (160 kilometers) offshore in the Greater Gorgon Area in 3,510 feet (1,070 meters) of water, was drilled to a total depth of 14,960 feet (4,560 meters). The well discovered 425 feet (130 meters) of net gas pay, said Chevron.
