Area Drilling

AustraliaA Texaco Inc. group revealed two gas discoveries in the northern Carnarvon basin off Western Australia.Iago-1 was drilled to TD 11,100 ft in 387 ft of water. Logs and formation tests confirmed hydrocarbons in the Triassic Mungaroo. The well was plugged Jan. 3.Io-1 went to TD 9,941 ft in 4,436 ft of water. It was plugged Jan. 14.Iago-1 on exploration permit WA-25-P and Io-1 on permit WA-267-P follow the discoveries Geryon and Orthrus in 1999 and Urania, Maenad, and Jansz last year by Texaco and its partners in the same area adjacent to giant Gorgon gas field.Texaco said the finds "add to the resources of the greater Gorgon gas fields and to the potential viability of a future comm...

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