Chevron Corporation (NYSE: CVX) today announced the 20th
discovery off the Western Australian coast since mid-2009 by its
Australian subsidiary following further drilling success in the Exmouth
Plateau area, located in the prolific Carnarvon Basin, a premier
hydrocarbon basin.
The Kentish Knock South-1 exploration discovery well
encountered ?approximately 246 feet (75 meters) of net gas pay in the
upper Mungaroo Sands. The well is located in the WA-365-P permit area
approximately 173 miles (280 kilometres) north of Exmouth off the
Western Australian coast. The well was drilled ?in 3,832 feet (1,168
meters) of water to a total depth of 10,056 feet (3,065 meters).
'The Asia Pacific region is key to Chevron′s growth strategy and our
strong Australia natural gas portfolio continues to be bolstered by our
strategic approach to finding and developing resources that will help
meet the growing energy needs in the region,? said George Kirkland, vice
chairman, Chevron Corporation.
Melody Meyer, president, Chevron Asia Pacific Exploration and Production
Company, said, 'Kentish Knock South-1 is an important addition to our
queue of high-quality offshore natural gas opportunities in Australia
and further supports our long-term plans to expand our Australian LNG
position.?
Chevron Australia is the operator of WA-365-P with a 50 percent interest
while Shell Development (Australia) holds 50 percent.
Chevron is one of the world′s leading integrated energy companies, with
subsidiaries that conduct business worldwide. The company is involved in
virtually every facet of the energy industry. Chevron explores for,
produces and transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures and sells
petrochemical products; generates power and produces geothermal energy;
provides energy efficiency solutions; and develops the energy resources
of the future, including biofuels. Chevron is based in San Ramon, Calif.
More information about Chevron is available at
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Some of the items discussed in this press release are forward-looking
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