Chevron Australia said Thursday that it has discovered another gas pay zone at the prolific Great Gorgon Area off Australia’s northwest coast.
The Isosceles-1 exploration well encountered 440 feet of net gas pay in the Triassic Mungaroo Sands in the Carnarvon Basin in water depths of 3,175 feet.
Isosceles-1 is located in the WA-392-P permit area 60 miles northwest of Barrow Island, off the coast of Western Australia.
“This discovery is a continuation of our exploration success and further positions our company as a key supplier for future liquefied natural gas (LNG) demand in the Asia-Pacific region,” Chevron Asia Pacific Exploration and Production Company president Melody Meyer said.
Chevron Australia is the operator of WA-392-P with a 50 percent interest with Shell Australia and Mobil Australia Resources each holding a 25 percent interest.
The discovery also marked the well’s fulfillment of its second year work commitment in the exploration program.
“This discovery in the Greater Gorgon Area is an important addition to our portfolio and highlights the industry-leading results of our exploration program in Australia,” Chevron Australia managing director Roy Krzywosinski said.