Chevron strikes gas with wildcat off Australia

Chevron Corp. has made a natural gas discovery with its Clio-1 wildcat in 3,000 ft of water on permit WA-205-P, 90 miles off northwestern Australia.

Nov. 10, 2006

By OGJ editors
HOUSTON, Nov. 10 -- Chevron Corp. has made a natural gas discovery with its Clio-1 wildcat in 3,000 ft of water on permit WA-205-P, 90 miles off northwestern Australia.

Clio-1, which was completed in September, 20 km northwest of Gorgon gas field, encountered 623 ft of net gas sands in the Triassic Mungaroo formation.

Transocean Inc.'s Jack Bates semisubmersible, capable of drilling in water as deep as 5,400 ft, drilled the well to a TVD of 15,500 ft.

Chevron plans to conduct a 3D seismic survey program, starting in mid-December, to better determine the potential of the gas find and subsequent development options.

Chevron holds a 67% interest in and is operator of the permit. Shell Development Australia holds a 33% interest.