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February 7, 2013
09:03 EDTRDS.B, RDS.A, CVXChevron announces further natural gas discovery offshore Australia
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, a premier hydrocarbon basin. The Kentish Knock South-1 exploration discovery well encountered approximately 246 feet of net gas pay in the upper Mungaroo Sands. The well is located in the WA-365-P permit area approximately 173 miles north of Exmouth off the Western Australian coast. The well was drilled in 3,832 feet of water to a total depth of 10,056 feet. Chevron Australia (CVX) is the operator of WA-365-P with a 50% interest while Shell Development (RDS.A) holds 50%.
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