Chevron Strikes More Gas Offshore Australia

Chevron Corporation has made further gas discovery in the Carnarvon Basin, a premier hydrocarbon basin.

The Satyr-2 exploration discovery well confirmed approximately 128 feet (39 meters) of net gas pay. The well is located in the WA-374-P permit area approximately 75 miles (120 kilometers) northwest of Barrow Island off the Western Australian coast, the company said. The well was drilled in 3,570 feet (1,088 meters) of water to a total depth of 12,454 feet (3,796 meters). Satyr-2 is Chevron’s fifteenth discovery in Australia since mid-2009.

Chevron Australia is the operator of WA-374-P with a 50 percent interest while Shell and Exxon Mobil each hold 25 percent.