oil

Chevron has anounced that its subsidiary has discovered gas in the Elfin-1 exploration discovery well in the Exmouth Plateau area, located in the Carnarvon Basin, offshore of Australia.

During drilling, the Elfin-1 well encountered about 132 feet (40 metres) of net gas pay in the upper Mungaroo sands.

Elfin-1 well, which is Chevron‘s 21st discovery offshore of Western Australia since mid-2009, is situated in the WA-268-P permit area, and is nearly 106 miles (170km) north-west of Barrow Island.

Chevron had drilled the well in 3,570 feet (1,088 metres) of water to a total depth of 11,909 feet (3,630 metres).

Chevron Corporation vice chairman George Kirkland said that Elfin-1 demonstrates the company’s continued industry-leading exploration success.

"These discoveries build a platform for future growth for Chevron," Kirkland added.

"During drilling, the Elfin-1 well encountered about 132 feet (40 metres) of net gas pay in the upper Mungaroo sands."

Chevron Asia Pacific Exploration and Production Company president Melody Meyer said the series of exploration discoveries in the Carnarvon Basin has created a robust gas portfolio in Australia for the company.

"The growth of this portfolio positions the company to supply future LNG demand in the Asia Pacific region," Meyer added.

Chevron Australia is the operator of WA-268-P and holds 50% interest, while Shell Development Australia and Mobil Australia Resources are the partners, each holding a 25% interest.

In January 2010, Chevron announced drilling success in the Greater Gorgon Area in the Carnarvon Basin, offshore Western Australia.

The Yellowglen-1 discovery well is located in the WA-268-P permit area, approximately 150 miles (250km) north-west of Onslow.


Image: Since mid-2009, Chevron has made 21 discoveries offshore of Western Australia, adding ten trillion cubic feet of resources. Photo courtesy of Chevron.

Energy