Chevron makes new gas discovery off WA coast

8th February 2013 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) - US energy major Chevron has added to its offshore natural gas resources, announcing on Friday that it had made another discovery in the Exmouth plateau area, in the Carnarvon basin.

The Kentish Knock South-1 exploration discovery well encountered around 75 m of net gas pay in the upper Mungaroo sands. The well is located on an exploration permit some 280 km north of Exmouth off the Western Australian coast.

The well was drilled in 1 168 m of water to a total depth of 3 065 m.

“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 Chevron vice chairperson George Kirkland.

Melody Meyer, president of the Chevron Asia Pacific Exploration and Production Company, said the Kentish Knock South-1 was an important addition to the company’s queue of high-quality offshore natural gas opportunities in Australia and further supported its long-term plans to expand its Australian liquefied natural gas position.

Chevron Australia is the operator of the permit on which the Kentish Knock South-1 discovery was made, with a 50% interest, while Shell Development holds the balance.

The latest gas discovery was Chevron’s twentieth off the coast of Western Australia, since mid-2009.

The energy major was currently developing the multibillion-dollar Browse and Gorgon projects.