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1/23/2012 - CHEVRON RECORDS 13th DISCOVERY IN AUSTRALIA SINCE 2009 |
| Chevron Corp. drilled a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia. The Satyr-3 well encountered approximately 243 ft. of net gas pay. The well is located 113 miles (182 kilometers) north of Exmouth in the WA-374-P permit area, and was drilled in 3,688 FSW (1,124 MSW) of water to a depth of 13,369 ft.
George Kirkland, vice chairman, Chevron Corporation, said, “Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009. This recent discovery reinforces the quality and value of our Australian exploration lease holdings in the Carnarvon Basin.”
Chevron’s Australian subsidiary is the operator of the WA-374-P permit area and holds a 50% interest, with Exxon Mobil and Shell each holding 25%. |
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