Chevron makes 20th natural gas discovery offshore Australia

2/7/2013

Chevron makes 20th natural gas discovery offshore Australia

SAN RAMON, California -- Chevron Corporation 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.

The Kentish Knock South-1 exploration discovery well encountered approximately 246 ft of net gas pay in the upper Mungaroo Sands. The well is located in the WA-365-P permit area approximately 173 mi north of Exmouth off the Western Australian coast. The well was drilled in 3,832 ft of water to a total depth of 10,056 ft.

"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% interest while Shell Development (Australia) holds 50%.

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