By Edward Klump – Aug 12, 2010 9:05 PM
Chevron Corp., the second-largest U.S. oil company, announced a natural-gas discovery in the Exmouth Plateau area off the northwest coast of Australia.
The Brederode-1 exploration well was drilled to a depth of 9,022 feet (2,750 meters) in waters 4,550 feet deep, San Ramon, California-based Chevron said today in a statement. It found 49 feet of net gas pay, the company said.
The discovery provides further evidence of the gas potential of the Exmouth Plateau in the Carnarvon Basin, Chevron Vice Chairman George Kirkland said in the statement. It follows a 2009 discovery in the same area and extends known gas resources farther off Australias shores, the company said.