• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 3 hours UK, Stay in EU, Says Tusk
  • 5 hours Socialists want to exorcise the O&G demon by 2030
  • 3 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 13 hours How Is Greenland Dealing With Climate Change?
  • 13 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 4 mins Venezuela continues to sink in misery
  • 15 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 hour What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 9 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day "Peace Agreement" Russia vs Japan: Control Over Islands Not Up For Discussion
  • 16 hours Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 23 hours Solid-State Batteries
  • 21 hours Orphan Wells
Can Yankee Ingenuity Jump Start The Philippine LNG sector?

Can Yankee Ingenuity Jump Start The Philippine LNG sector?

U.S.-based Excelerate Energy is jumping…

Chevron Makes Two More Natural Gas Discoveries in Australia

Chevron, like many international oil and gas companies, plans to develop Australia’s vast natural gas resources in order to export LNG to the growing market in Asia.

Since mid-2009 it has announced 19 discoveries, the latest discovery, declared in October, was at the Satyr-4 well around 75 miles north west of Barrow Island, off the coast of Western Australia.

This morning Chevron has announced that it has made two more discoveries off the coast of Western Australia. This time the reserves are located in the Exmouth Plateau area of the Carnarvon Basin.

Related Article: Why the US should not Invest in Exporting Natural Gas

Chevron has stated that the Pinhoe-1 discovery well has an estimated 197 feet of net gas pay spread across the Barrow and Mungaroo Sands, and the second discover, the Arnhem-1 well, has around 149 feet of net gas pay in the upper Mungaroo Sands.

Meldoy Meyer, the president of Chevron Asia Pacific Exploration & Production Co. wrote that, “these discoveries in the Exmouth area are significant as they are located farther out from other discoveries in the greater Gorgon and Wheatstone development in the Carnarvon basin and indicates development potential in the broader region.”

Chevrons announcement comes on the back of news that its Gorgon Project, the joint venture to build a LNG plant on Barrow Island, is already 20 percent over its initial budget of $54.4 billion.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News