Chevron has announced a new deepwater natural gas discovery in a Chevron-operated block in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin.
The Clio-3 discovery well is located in the WA-205-P permit area approximately 150 kilometres northwest of Onslow. Situated in 971 metres of water and drilled to a depth of 4,309 metres, the well penetrated approximately 79 metres of net gas pay. Clio-3 marks the third consecutive discovery on the Clio structure.
"Western Australia will play a key role in our long-term plans to build a leading natural gas business to supply energy safely and reliably to Australia and the Asia-Pacific. We expect this discovery, together with our previous discoveries in this permit area, to underpin expansion opportunities at the Wheatstone liquefied natural gas hub," Jim Blackwell, president of Chevron Asia Pacific Exploration and Production.
Chevron, through its Australian subsidiary, holds a combined 66.66 percent interest, while Shell Development (Australia) holds the remaining interest. More tests are being conducted on data gathered from the discovery well, and additional work is required to determine the extent and commercial viability of the discovery.
