Chevron's Yellowglen-1 hits pay off Australia

Offshore staff

SAN RAMON, California -- The Yellowglen-1 discovery well in the Greater Gorgon area in the Carnarvon basin has reached TD of 9,050 ft (2,760 m). Results indicate a gas column of approximately 450 ft (137 m), says Chevron’s Australian subsidiary.

“The success of Yellowglen-1, following closely on our recent Satyr-1 and Achilles-1 discoveries in the same area, highlights Chevron's exploration capabilities in the region and helps demonstrate the significance of Australia to Chevron's energy portfolio,” says George Kirkland, vice chairman of Chevron.

01/26/2010