Chevron awarded four blocks off Australia

July 6, 2005
Chevron Australia won four deepwater blocks—WA-364-P, WA-365-P, WA-366-P, and WA-367-P—in the Carnarvon basin off Western Australia. Chevron operates a 50-50 combine with Shell Development Australia.

By OGJ editors
HOUSTON, July 6 -- Chevron Australia won four deepwater blocks—WA-364-P, WA-365-P, WA-366-P, and WA-367-P—in the Carnarvon basin off Western Australia. Chevron operates a 50-50 combine with Shell Development Australia.

Chevron said the permit areas, on the Exmouth Plateau 100-300 km off the northwestern coast of Western Australia, contain "significant natural gas potential." The plateau is the deepwater frontier of the Carnarvon basin, which includes the North West Shelf and Greater Gorgon resources.

The company later this year will begin a 3-year work program including the acquisition of 5,032 km of 2D seismic data, 3,521 sq km of 3D seismic data, and the drilling of two exploration wells. A further 3-year work program is possible.