Chevron Australia, a subsidiary of Chevron Corporation, has discovered around 67m of net gas pay in the Satyr-4 exploration discovery well.
The well, located in the WA-374-P1 permit area about 120km north-west of Barrow Island, is in the Greater Gorgon Area of the Carnarvon Basin, offshore of Australia.
The well has been drilled to a total depth of 4,579m in 1,088m of water, the company said.
Chevron Corporation vice chairman, George Kirkland, said: "This latest discovery is a further demonstration of how we are achieving superior success from a focused and high-impact exploration program in a key hydrocarbon basin."
Chevron Asia Pacific Exploration and Production president, Melody Meyer, said: "Satyr-4 further underscores Chevron’s continuing success in this prolific block and supports our long-term growth plan for the Gorgon Project, and our goal to be a leading LNG supplier to the Asia Pacific region."
Chevron Australia is the operator of the WA-374-P permit with 50% interest, while other co-partners include Shell (Australia) and Mobil Australia Resources Company, each holding a 25% stake respectively.
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US-based Chevron is an integrated energy company, with subsidiaries that conduct business worldwide.
The company explores, produces and transports crude oil and natural gas, as well as also being involved in refining markets and distributing transportation fuels and lubricants.
Image: Chevron Corporation headquarters in San Ramon, California. Photo courtesy of Coolcaesar.