Gas Discovery Supports Chevron’s Long Term Growth Plans for Gorgon
Deepwater discovery at Yellowglen-1 in Greater Gorgon Area
PERTH, Australia, 27 January, 2010 – Chevron Australia Pty Ltd today announced further drilling success in the Greater Gorgon Area in the Carnarvon Basin offshore Western Australia.
The Yellowglen-1 exploration well is located in the WA-268-P permit area approximately 250 kilometres northwest of Onslow. It was drilled to a total depth of 2,760 metres using the ENSCO 7500 dynamically positioned, semisubmersible rig. Results indicate a gas column of approximately 137 metres (450 feet).
Jim Blackwell, President of Chevron Asia Pacific Exploration and Production Co. said, "This latest discovery demonstrates the quality of Chevron’s exploration competence and capability in Australia."
Chevron Australia Managing Director Roy Krzywosinski added, "We welcome this latest discovery as a potential new source of supply underpinning the Gorgon Project and as Chevron continues to grow our natural gas business in Australia.
"Chevron plans to continue making investments in Australia on exploration, appraisal and seismic programs in 2010," said Krzywosinski.
Chevron Australia is the operator of WA-268-P with a 50 percent interest.
Chevron is one of the world's leading integrated energy companies and through its Australian subsidiaries, has been present in Australia for more than 50 years. With the ingenuity and commitment of more than 1,500 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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