Friday, 28 December 2012 09:21
Chevron Australia today announced further drilling success in the Exmouth Plateau area of the Carnarvon Basin, a premier hydrocarbon basin.
The Pinhoe-1 exploration discovery well encountered approximately 60m (197 feet) of net gas pay in the Barrow and Mungaroo Sands.
Pinhoe-1 is in the WA-383-P permit area, around 200km north of Exmouth off the Western Australia coast. The well was drilled in 929m (3048 feet) of water to a total depth of 4083m (13,396 feet).
The Arnhem-1 exploration discovery well confirmed approximately 45.5m (149 feet) of net gas pay in the upper Mungaroo Sands. Arnhem-1 is in the WA-364-P permit area, around 290km north of Exmouth. The well was drilled in 1208m (3963 feet) of water to a total depth of 2913m (9557 feet).
“Chevron Australia’s ongoing success offshore of Western Australia is a result of our long-term commitment to exploring and developing the region," Chevron Corporation vice president George Kirkland said. "The Carnarvon Basin is a world-class hydrocarbon basin, and these discoveries underscore the quality of our Australian portfolio and our technical competence>'
Chevron Asia Pacific Exploration and Production Company president Melody Meyer said the two discoveries expanded Chevron’s discovered gas portfolio in Australia. Chevron has now announced a total of 19 discoveries in Australia since mid-2009.
“These discoveries in the Exmouth area are significant as they are located farther out from other discoveries in the greater Gorgon and Wheatstone development in the Carnarvon basin and indicates development potential in the broader region” Ms Meyer said.
Chevron Australia is the operator of both the WA-383-P and WA-364-P permit areas and has a 50 per cent interest with Shell Development (Australia) holding the remaining 50 per cent.
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