Global Processing

Chevron announces natural gas discovery off Australian coast

November 5, 2012

SAN RAMON, Calif. — Chevron Corp. announced its Australian subsidiary has made a natural gas discovery in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon basin.

The Satyr-4 exploration discovery well confirmed approximately 220 feet of net gas pay. The well is located in the WA-374-P1 permit area approximately 75 miles northwest of Barrow Island, off the Western Australian coast. The well was drilled in 3,570 feet of water to a total depth of 15,023 feet.

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"This latest discovery is a further demonstration of how we are achieving superior success from a focused and high-impact exploration program in a key hydrocarbon basin," said George Kirkland, vice chairman, Chevron Corp.

In September, the company announced the discovery of natural gas in Satyr-2 exploration well in the Greater Gorgon Area, which marked Chevron''s fifteenth find in Australia since mid-2009.