Chevron Corporation CVX today announced the 20^th discovery off the
Western Australian coast since mid-2009 by its Australian subsidiary following
further drilling success in the Exmouth Plateau area, located in the prolific
Carnarvon Basin, a premier hydrocarbon basin.
The Kentish Knock South-1 exploration discovery well encountered approximately
246 feet (75 meters) of net gas pay in the upper Mungaroo Sands. The well is
located in the WA-365-P permit area approximately 173 miles (280 kilometres)
north of Exmouth off the Western Australian coast. The well was drilled in
3,832 feet (1,168 meters) of water to a total depth of 10,056 feet (3,065
meters).
“The Asia Pacific region is key to Chevron's growth strategy and our strong
Australia natural gas portfolio continues to be bolstered by our strategic
approach to finding and developing resources that will help meet the growing
energy needs in the region,” said George Kirkland, vice chairman, Chevron
Corporation.
Melody Meyer, president, Chevron Asia Pacific Exploration and Production
Company, said, “Kentish Knock South-1 is an important addition to our queue of
high-quality offshore natural gas opportunities in Australia and further
supports our long-term plans to expand our Australian LNG position.”
Chevron Australia is the operator of WA-365-P with a 50 percent interest while
Shell Development (Australia) holds 50 percent.
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