Chevron natural gas discovery offshore Australia
Posted: 19 January 2012
Chevron reported 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 feet (74 meters) 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 feet (1,124 meters) of water to a depth of 13,369 feet (4,075 meters).
"Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009," said George Kirkland, vice chairman, Chevron Corporation.
"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 percent interest, with Exxon Mobil and Shell each holding 25 percent.