Chevron finds more deepwater gas offshore Western Australia

Chevron Corp. (NYSE:CVX) has another gas discovery offshore Western Australia in the Exmouth Plateau area of Carnarvon basin.

Offshore staff

SAN RAMON, California –Chevron Corp. (NYSE:CVX) has another gas discovery offshore Western Australia in the Exmouth Plateau area of Carnarvon basin.

The Satyr-3 found 243 ft (74 m) of net gas pay while drilling to 13,369 ft (4,075 m) in 3,688 ft (1,124 m) of water on permit WA-374-P.

Chevron’s Australian subsidiary is the operator of the WA-374-P permit area and holds a 50% interest, with Exxon Mobil and Shell each hold 25%.

2/28/2012

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