US Company, Chevron claims it has made its 15th Discovery in Australia since mid 2009 with the discovery of more gas off the coast of Western Australia.
Drilling in the Carnarvon Basin by their Australian subsidiary has confirmed around 39 metres of net gas pay through its Satyr-2 exploration discovery well.
The well that was drilled to a total depth of 3796m is located about 120km from Barrow Island in the WA-374-P permit area. This is the location in which Chevron are currently constructing its $43 billion Gorgon liquefied natural gas project.
Chevron Asia Pacific exploration and production president Melody Meyer said the exploration success in the Carnarvon Basin “could help underpin expansion opportunities” at its LNG projects in Australia.
Another project Chevron is developing is the $29 billion Wheatstone LNG project, near Onslow.
Construction of Gorgon is due to be completed by the end of 2014, they remain confident with the set date, although they have announced in July they will undertake a detailed review of the costs and timing of the project.
It is expected through the use of three LNG trains Chevron will have the initial capacity of 15.6 million tonnes each year. Chevron is also in the process of studies to add a fourth train with the possibility of a fifth train for the Project.
