Untitled Document
Untitled Document

Chevron makes natural gas discoveries offshore Western Australia

Chevron Corp.

Pinhoe-1 and Arnhem-1 discoveries expand natural gas resource potential in the Carnarvon Basin

Chevron Corp.'s Australian subsidiary has discovered natural gas in the Exmouth Plateau area of the Carnarvon Basin.

The Pinhoe-1 exploration discovery well encountered approximately 197 feet (60 meters) of net gas pay in the Barrow and Mungaroo Sands. Pinhoe-1 is located in the WA-383-P permit area, located approximately 124 miles (200 kilometers) north of Exmouth off the Western Australia coast. The well was drilled in 3,048 feet (929 meters) of water to a total depth of 13,396 feet (4,083 meters).

The Arnhem-1 exploration discovery well confirmed approximately 149 feet (45.5 meters) of net gas pay in the upper Mungaroo Sands. Arnhem-1 is in the WA-364-P permit area, located approximately 180 miles (290 kilometres) north of Exmouth off the Western Australia coast. The well was drilled in 3,963 feet (1,208 meters) of water to a total depth of 9,557 feet (2913 meters).

"Chevron Australia's ongoing success offshore of Western Australia is a result of our long-term commitment to exploring and developing the region. The Carnarvon Basin is a world-class hydrocarbon basin, and these discoveries underscore the quality of our Australian portfolio and our technical competence," said George Kirkland, vice chairman, Chevron Corporation.

Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company, said the two discoveries expand Chevron's discovered gas portfolio in Australia. Chevron has now announced a total of 19 discoveries in Australia since mid-2009.

"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," said Meyer.

Chevron Australia is the operator of both the WA-383-P and WA-364-P permit areas and has a 50% interest with Shell Development (Australia) Pty Ltd holding the remaining 50%.

Related Articles

Atlas Resource Partners completes Colorado acquisition

07/01/2014 Atlas Resource Partners LP has completed its acquisition of 47 million barrels of oil equivalent (MMboe) reserves, including proved developed producing reserves of 25 MMboe, for $420 million. The a...

Drillinginfo adds Herrmann to leadership team

06/21/2014 Drillinginfo, a data and analytics provider that helps the oil and gas industry achieve better and faster results, has appointed Rich Herrmann as senior vice president and general manager of E&...

Competentia acquires energy consultancy Argonauta

06/18/2014 Competentia, an international oil and gas project management and engineering recruitment consultancy, has acquired the Houston-headquartered Argonauta Group of companies in a cash and stock transac...

Chevron sells interests in Chad and Cameroon

06/13/2014 Chevron Corp. reports that its subsidiary, Chevron Global Energy Inc., has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interest...

Managing reserves and resources

06/09/2014

Efficiently overseeing a company's petroleum reserves and assets requires technical as well and economic and financial expertise

More Oil & Gas Financial Articles

Atlas Resource Partners completes Colorado acquisition

Tue, Jul 1, 2014

Atlas Resource Partners LP has completed its acquisition of 47 million barrels of oil equivalent (MMboe) reserves, including proved developed producing reserves of 25 MMboe, for $420 million. The acquired position is located in the Rangely field in northwest Colorado, a mature carbon-dioxide flood with low-decline oil production.

Drillinginfo adds Herrmann to leadership team

Sat, Jun 21, 2014

Drillinginfo, a data and analytics provider that helps the oil and gas industry achieve better and faster results, has appointed Rich Herrmann as senior vice president and general manager of E&P Products & Corporate Development. 

Competentia acquires energy consultancy Argonauta

Wed, Jun 18, 2014

Competentia, an international oil and gas project management and engineering recruitment consultancy, has acquired the Houston-headquartered Argonauta Group of companies in a cash and stock transaction.

Chevron sells interests in Chad and Cameroon

Fri, Jun 13, 2014

Chevron Corp. reports that its subsidiary, Chevron Global Energy Inc., has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for $1.3 billion. The sale closed June 13.

Managing reserves and resources

Mon, Jun 9, 2014

Efficiently overseeing a company's petroleum reserves and assets requires technical as well and economic and financial expertise

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ