Woodside and Chevron have announced further gas discoveries in their Western Australian projects.
Woodside and Chevron have announced further gas discoveries in their Western Australian projects.
Chevron has announced it has hit 273 metres of net pay gas off Onslow.
Chevron vice chairman George Kirkand said the discovery at the Acme-1 in 878 metres of water to a depth of 4,175 metres is one of the company's most significant natural gas discoveries in Australia.
"As our ninth and largest offshore discovery in Western Australia in the last 12 months, it underscores the quality of our drilling program and our commitment to technical excellence and safe operations," said Mr Kirkland.
It's the second significant discovery for Chevron in the Carnarvon Basin in less than a week.
On Friday, the US energy giant said the Brederode-1 exploration well within its 50 per cent owned WA-364-P permit area had encountered about 15 metres of net gas pay.
Woodside has also announced another significant gas discovery in the same area.
The company said Larsen Deep-1 well in permit WA-404-P has intersected approximately 50 metres gross gas over several zones within the Triassic target.
The well is within 9 kilometres of Woodside's existing Central hub discoveries at Martell-1, Noblige-1 and Larsen-1.
The well is currently drilling ahead at 4914 metres and, subject to operational constraints, is planned to drill to a total depth of 5030 metres.
Yesterday Woodside announced it had also made another gas discovery in the region.
Most analysts said the Alaric-1 discovery could provide a good basis for Woodside's planned expansion of its Pluto liquefied natural gas project.
Full statement from Chevron.
Chevron Corp. (NYSE: CVX) 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 150 kilometres (93 miles) from Onslow. Drilled in 878 metres (2,880 feet) of water to a depth of 4,715 metres (15,469 feet) , the well encountered approximately 273 metres (896 feet) 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. As our ninth and largest offshore discovery in Western Australia in the last 12 months, it underscores the quality of our drilling program and our commitment to technical excellence and safe operations."
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 percent interest, while Shell Development (Australia) holds the remaining interest.
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 more than 1,800 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, one of Chevron's four global focus areas for exploration.
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
Full statement from Woodside
Woodside advises that the Larsen Deep-1 well in permit WA-404-P has intersected approximately 50 metres gross gas over several zones within the Triassic target.
The well is currently drilling ahead at 4914 metres and, subject to operational constraints, is planned to drill to a total depth of 5030 metres. Following drilling, wireline logging will be conducted to obtain pressure and gas samples.
Larsen Deep-1 is located in Western Australia's Carnarvon Basin and is located within 9km of Woodside's existing Central hub discoveries at Martell-1, Noblige-1 and Larsen-1.
Woodside is operator and 50% equity owner of WA-404-P. Hess Exploration (Carnarvon) Pty Ltd has the remaining 50% equity.
