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Oil & Gas

Chevron Announces Natural Gas Discovery Offshore Australia

August 12, 2010
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In a press release statement, Chevron Corp. announced a natural gas discovery in the Exmouth Plateau area of the Carnarvon Basin offshore Western Australia. The discovery is located in Australia’s premier hydrocarbon basin, where Chevron is a leading lease holder. Jim Blackwell, president, Chevron Asia Pacific Exploration and Production Co., said the Brederode-1 discovery, which follows the 2009 Kentish Knock discovery in the same area, extends the gas resources farther offshore Australia and continues to grow our discovered gas portfolio in Australia. Chevron is the largest holder of undeveloped gas resources in Australia. Chevron’s Australian subsidiary is the operator of WA-364-P with 50 percent interest. Shell Development (Australia) also holds 50 percent interest.

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