In Resources

Western Australia Minister for Mines and Petroleum Norman Moore

Flood Of Natural Gas Discoveries Buoys State’s Energy Future

Victor P Taffa

Tuesday’s announcement of the Biggest Natural Gas Discovery in the past 12 months by Chevron marks the Company’s Second Discovery this week and follows Woodside’s Discovery announced on Monday.

Located 150 km offshore from Onslow, Chevron’s latest discovery, Acme-1 is its ninth exploration bonanza this year.

Mines and Petroleum Minister Norman Moore said that the recent discoveries in the Carnarvon Basin illustrated the bright future for the oil and gas sector in Western Australia.

“Companies are discovering more Gas than is currently being produced.” Mr. Moore said.

“This means the Resources Base is still climbing. For example in both 2008 and 2009 about five trillion cubic feet (TCF) of gas was discovered and only one TCF was produced.”

Chevron Australia’s Vice Chairman George Kirkland said that in terms of net gas pay, Acme-1 was one of the company’s most significant Natural Gas discoveries in Australia.

The Acme-1 exploration well is located within the WA-205-P permit area.  Chevron Australia holds a 67:33 interest with Shell Development (Australia) in this area.

Chevron’s earlier discovery is 350 km north-west of Onslow in the Brederode-1 exploration well located within the WA-364-P Permit Area.

Woodside’s discovery in the Aleric-1 well was in an undrilled area on the Western Exmouth Plateau, located 350 km west of its Pluto gas field hub.

It is located in their Claudius hub and significantly extends the area of the known Gas Province in the Greater Carnarvon Basin.

The Alaric-1 exploration well is located within the WA-434-P permit area. Woodside is Operator and 100 % Equity Owner of WA-434-P.

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