Woodside Petroleum Makes New Gas Discovery in Xeres-1 Well

24 May 2011 (Last Updated May 24th, 2011 18:30)

Woodside Petroleum has made a new gas discovery in the Xeres-1 well in the Carnarvon Basin, off Australia's north-west coast. The Xeres-1 well was drilled to a depth of 3,285m, intersecting about 51m of gas within the Triassic target. Woodside confirmed the discovery by wirel

Woodside Petroleum has made a new gas discovery in the Xeres-1 well in the Carnarvon Basin, off Australia’s north-west coast.

The Xeres-1 well was drilled to a depth of 3,285m, intersecting about 51m of gas within the Triassic target.

Woodside confirmed the discovery by wireline logging, including the establishment of a gas pressure gradient and the recovery of gas samples to the surface.

Woodside is the operator of WA-34-L with a 90% equity interest.

The company holds a 100% equity interest in the Xeres-1 well and its joint venture participants in WA-34-L – Tokyo Gas and Kansai Electric – each have the right to acquire a 5% equity interest in the well.