Chevron Corporation has announced the discovery of a well located in the WA-374-P permit area approximately 75 miles northwest of Barrow Island off the Western Australian coast.
The Satyr-2 exploration discovery well confirmed approximately 128 feet of net gas pay.The well was drilled in 3,570 feet of water to a total depth of 12,454 feet. Satyr-2 is Chevron’s fifteenth discovery in Australia since mid-2009.
“This new discovery in the Greater Gorgon Area further highlights the quality of Chevron’s exploration capability in the region and the significance of Australia to Chevron’s energy portfolio,” said George Kirkland, vice chairman, Chevron Corporation.
The well was discovered near its Australian subsidiary in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon basin.
“The continued exploration success in the Carnarvon Basin could help underpin expansion opportunities at our LNG projects in Australia and support our drive to become a leading supplier of liquefied natural gas to world markets and domestic gas to Western Australia,” said Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company.
Chevron Australia is the operator of WA-374-P with a 50 per cent interest while Shell and Exxon Mobil each hold 25 per cent.
