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Chevron announces drilling success in Carnarvon Basin

Chevron Corp. today announced further drilling success in the Carnarvon Basin offshore Western Australia, Australia’s premier hydrocarbon basin.

The Acme-1 exploration discovery well is located in the WA-205-P permit area offshore Western Australia approximately 93 miles (150 km) from Onslow. Drilled in 2880 ft (878 m) of water to a depth of 15,469 ft (4715 m), the well encountered approximately 896 ft (273 m) of net gas pay.

George Kirkland, vice chairman, Chevron, said, “In terms of net gas pay, Acme-1 is one of our most significant natural gas discoveries in Australia.”

Jim Blackwell, president, Chevron Asia Pacific Exploration and Production, said, “We are realising the opportunities we have as a leading lease holder in the Carnarvon Basin. We expect this discovery to help underpin potential expansion opportunities at the Wheatstone liquefied natural gas hub. Adding to our Australian portfolio progresses our long-term plans to build a leading natural gas business in Australia and the Asia-Pacific region.”

Chevron’s Australian subsidiary is the operator of WA-205-P and holds a combined 67% interest, while Shell Development (Australia) holds the remaining interest.

Published on 17/08/2010

 
 

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