Chevron reports significant natural gas find in Australia
Posted: 16 August 2010
Chevron reported further drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin.
The Acme-1 exploration discovery well is located in the WA-205-P permit area offshore Western Australia approximately 93 miles (150 km) from Onslow. Drilled in2,880 feet (878 m) of water to a depth of 15,469 feet (4,715 m), the well encountered approximately 896 feet (273 m) of net gas pay.
George Kirkland, vice chairman, Chevron, said, "In terms of net gas pay, Acme-1 is one of our most significant natural gas discoveries in Australia. As our ninth and largest offshore discovery in Western Australia in the last 12 months, it underscores the quality of our drilling program and our commitment to technical excellence and safe operations."
"We are realizing the opportunities we have as a leading lease holder in the Carnarvon Basin." said Jim Blackwell, president, Chevron Asia Pacific Exploration and Production.
"We expect this discovery to help underpin potential expansion opportunities at the Wheatstone liquefied natural gas hub. Adding to our Australian portfolio progresses our long-term plans to build a leading natural gas business in Australia and the Asia-Pacific region."
Chevron's Australian subsidiary is the operator of WA-205-P and holds a combined 67 per cent interest, while Shell Development (Australia) holds the remaining interest.
Posted by Richard Price, Editor, EnergyME.com
Information supplied by companies or PR agencies who are responsible for content.
Send press releases to richard@energyme.com |
