Chevron confirms gas discovery offshore Western Australia

Jan 19, 2012 12:00 AM

Chevron has announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.
Satyr-3 marks Chevron’s thirteenth offshore discovery in Western Australia since mid-2009.

The Satyr-3 well encountered approximately 74 meters of net gas pay. The well is located 182 km north of Exmouth in the WA-374-P permit area, and was drilled in 1,124 meters of water to a depth of 4,075 meters.
”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”, said George Kirkland, vice chairman of Chevron.

“The Satyr-3 discovery adds to our Australian resource base, further supporting our long-term plans to position Chevron as one of the world's leading LNG suppliers”, said Melody Meyer, president of Chevron Asia Pacific Exploration and Production Company.
Chevron's Australian subsidiary is the operator of the WA-374-P permit area and holds a 50 % interest, with ExxonMobil and Shell each holding 25 %.

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