Chevron Announces Further Natural Gas Discovery Offshore Australia
Satyr-3 marks Chevron’s thirteenth offshore discovery in Western Australia since mid-2009
PERTH, Western Australia, January 19, 2012 - Chevron Australia Pty Ltd today announced a natural gas discovery in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.
The Satyr-3 well encountered approximately 74 metres (243 feet) of net gas pay. The well is located 182 kilometres (113 miles) north of Exmouth in the WA-374-P permit area, and was drilled in 1,124 metres (3,688 feet) of water to a depth of 4,075 metres (13,369 feet).
George Kirkland, vice chairman, Chevron Corporation, said, “Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009. This recent discovery reinforces the quality and value of our Australian exploration lease holdings in the Carnarvon Basin.”
Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company, said, “The Satyr-3 discovery adds to our Australian resource base, further supporting our long-term plans to position Chevron as one of the world's leading LNG suppliers.”
Chevron’s Australian subsidiary is the operator of the WA-374-P permit area and holds a 50 percent interest, with Exxon Mobil and Shell each holding 25 percent.
Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for almost 60 years. With the ingenuity and commitment of about 3,000 people, Chevron Australia leads the development of the Gorgon and Wheatstone natural gas projects; manages its equal one-sixth interest in the North West Shelf Venture; and operates Australia’s largest onshore oilfield on Barrow Island and the Thevenard Island oilfields. The company is also a participant in the Browse liquefied natural gas development and is a significant investor in exploration offshore northwest Australia.
In addition, Chevron’s Perth-based Global Technology Centre provides technology support and solutions to the company’s operations in Australia and around the world. www.chevronaustralia.com
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