NEW YORK, July 6 (Reuters) - Chevron Corp said it had made a new deepwater natural gas discovery off the Western Australia coast, adding a new prospect to its Clio development.
Chevron, which is also building Australia's biggest ever natural gas project, called Gorgon, off the Western Australian coast, said the new find was in the Carnarvon Basin about 90 miles (150 km) northwest of Onslow.
The Clio-3 discovery, situated in 3,186 feet (971 meters) of water, showed a net gas pay of about about 260 feet (79 meters). A reservoir's pay zone is the portion that contains economically viable gas or oil.
'Western Australia will play a key role in our long-term plans to build a leading natural gas business to supply energy safely and reliably to Australia and the Asia-Pacific,' said Jim Blackwell, president of Chevron Asia Pacific Exploration and Production Co.
Chevron's Australian subsidiary holds 66.66 percent interest, while Royal Dutch Shell's Australia unit holds the remaining interest.
Chevron said it was performing more tests on the discovery well and had not yet determined the commercial viability of the well.
(Reporting by Matt Daily, editing by Dave Zimmerman) Keywords: CHEVRON/CLIO (matt.daily@thomsonreuters.com; Reuters Messaging: matt.daily.reuters.com@reuters.net; +1 646 223 6121) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Chevron, which is also building Australia's biggest ever natural gas project, called Gorgon, off the Western Australian coast, said the new find was in the Carnarvon Basin about 90 miles (150 km) northwest of Onslow.
The Clio-3 discovery, situated in 3,186 feet (971 meters) of water, showed a net gas pay of about about 260 feet (79 meters). A reservoir's pay zone is the portion that contains economically viable gas or oil.
'Western Australia will play a key role in our long-term plans to build a leading natural gas business to supply energy safely and reliably to Australia and the Asia-Pacific,' said Jim Blackwell, president of Chevron Asia Pacific Exploration and Production Co.
Chevron's Australian subsidiary holds 66.66 percent interest, while Royal Dutch Shell's Australia unit holds the remaining interest.
Chevron said it was performing more tests on the discovery well and had not yet determined the commercial viability of the well.
(Reporting by Matt Daily, editing by Dave Zimmerman) Keywords: CHEVRON/CLIO (matt.daily@thomsonreuters.com; Reuters Messaging: matt.daily.reuters.com@reuters.net; +1 646 223 6121) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.