Discovery expands natural gas resource potential in the Greater Gorgon
PERTH, Western Australia, 30 April, 2015 - Chevron Australia Pty Ltd announced today further drilling success in the Greater Gorgon Area located in the Carnarvon Basin, a premier hydrocarbon basin offshore northwest Australia.
The Isosceles-1 exploration discovery well encountered approximately 134 metres (440 feet) of net gas pay in the Triassic Mungaroo Sands in 968 metres of water (3,175 feet). The well fulfilled the second year work commitment in the exploration program. It is located in the WA-392-P permit area approximately 95 kilometres (60 miles) northwest of Barrow Island, off the coast of Western Australia.
“This discovery is a continuation of our exploration success and further positions our company as a key supplier for future liquefied natural gas (LNG) demand in the Asia-Pacific region,” said Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company.
Roy Krzywosinski, managing director, Chevron Australia, said: “This discovery in the Greater Gorgon Area is an important addition to our portfolio and highlights the industry-leading results of our exploration program in Australia.”
Chevron Australia is the operator of WA-392-P with a 50 percent interest while Shell Australia and Mobil Australia Resources each hold a 25 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 60 years. With the ingenuity and commitment of thousands of workers, 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, operates Australia’s largest onshore oilfield on Barrow Island, and is a significant investor in exploration offshore Australia. Cautionary Statement Relevant to Forward-Looking Information for the Purpose of “Safe Harbor” Provisions of the Private Securities Litigation Reform Act of 1995.
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