Chevron Corp. today announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.
The Satyr-3 well encountered approximately 243 ft (74 m) of net gas pay. The well is located 113 miles (182 km) north of Exmouth in the WA-374-P permit area, and was drilled in 3688 ft (1124 m) of water to a depth of 13,369 ft (4075 m).
George Kirkland, vice chairman, Chevron Corporation, said, “Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009. This recent discovery reinforces the quality and value of our Australian exploration lease holdings in the Carnarvon Basin.”
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 holding 25%.