WAPET group has gas strike off NW Australia

A group led by West Australian Petroleum Pty. Ltd. (WAPET) has made a significant natural gas discovery off the northwestern coast of Western Australia, strengthening prospects for another major gas field development and possible LNG export project in the area.WAPET is operator of the WA-267-P exploration permit, but BP Exploration (Alpha) Ltd. also holds a stake. WAPET is a consortium of Chevron Asiatic Ltd., Texaco Oil Development Co., Shell Development (Australia) Pty. Ltd., and Mobil Australia Resources Co. Pty. Ltd. Interests in WA-267-P are: Texaco, Chevron, and Mobil, 25% each; and Shell and BP, 12.5% each.The Geryon 1 wildcat was spudded Aug. 31 in 1,232 m of water and was drilled...

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