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AFX Europe (Focus): Australia’s Woodside evaluating possible gas discovery near Pluto field

Published: Sep 25, 2006

SYDNEY (XFN-ASIA) – Woodside Petroleum Ltd said it may have made a new gas discovery in same 100 pct owned permit off the north west coast of Australia that contains the Pluto gas field which Australia’s largest pure oil and gas company plans to develop as a liquefied natural gas (LNG) project.

The company, 34 pct owned by the Royal Dutch Shell group, said preliminary analysis indicates its Xena-1ST1 exploration well in Western Australia’s Carnarvon Basin encountered a gross gas column of about 49 meters in good quality reservoir sandstones.

“Wireline logs are currently being run on what is interpreted to be a new gas field discovery,” Woodside said in a statement.

The well, about 6 km east of the Pluto-2 appraisal well, in water depth of 178 meters, reached a total depth of 3,490 meters.

Woodside is fast-tracking the development of the Pluto LNG project after signing up Tokyo Gas Co and Kansai Electric Power Co as foundation customers.

It hopes to start exporting LNG from the 5-7 mln metric tons a year proposed project from late 2010.

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