Great to see Cheveron confirm another gas discovery in the...

Great to see Cheveron confirm another gas discovery in the Carnarvon Basin in the munagaroo formation (karoons main target in its permits). Cheverons discoveries will hopefully create greater interest for Karoon when farm- out occurs.

Chevron makes 20th gas discovery off WA

From: AAP
February 08, 20136:35PM

ENERGY giant Chevron has made its twentieth gas discovery off the West Australian coast in the past two and a half years.

Chevron Australia said it had experienced drilling success for liquefied natural gas (LNG) in the Exmouth Plateau area in the Carnarvon Basin.

The well, which is about 280 kilometres north of Exmouth, was drilled in 1,168 metres of water to a total depth of 3,065 metres.

The discovery comes less than two months after Chevron made two offshore discoveries in the same area.

"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," vice president of Chevron George Kirkland said in a statement.

Chevron said the discovery supported its long-term plans to expand its Australian LNG position.

The company operates WA-365-P well with a 50 per cent interest while Shell also holds 50 per cent.