Chevron Corp. (CVX) announced further drilling success by its Australian unit in the Exmouth Plateau area, situated in the Carnarvon Basin. The Elfin-1 exploration discovery well encountered nearly 132 feet of net gas pay in the upper Mungaroo sands. The energy company said this is its 21st discovery offshore western Australia since mid-2009.
Located in the WA-268-P permit area, the well is located about 106 miles northwest of Barrow Island and was drilled in 3,570 feet of water to a total depth of 11,909 feet.
Chevron Australia is the operator of WA-268-P with a 50 percent stake, while Shell Development Australia and Mobil Australia Resources each hold a 25 percent interest.
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