Chevron Records Twelfth Offshore Natural Gas Find in Australia Since Mid-2009

   on December 15 2011 12:43 PM
A Chevron gas pump is shown at a Chevron gas station in Encinitas
At a depth of 12,461 feet, the company found more than 400 feet of natural gas roughly 180 miles offshore of Exmouth near the Carnarvon Basin in the northwest of Western Australia. REUTERS

Chevron Corp.'s Australian unit announced Thursday it has struck natural gas again, marking the twelfth offshore natural gas discovery the company has made in Australia since since mid-2009.

Located at a depth of 12,461 feet, more than 400 feet of natural gas was found at roughly 180 miles offshore of Exmouth near the Carnarvon Basin in the northwest of the state.

Our on-going exploration success continues to add to our Australian resource base, further underpinning our drive to be a leading supplier of liquefied natural gas to world markets and natural gas to Western Australia, said Melody Meyer, president of Chevron Asia Pacific Exploration and Production Company, in a statement.

The latest find in the country is the twelfth one since 2009. The company has more than $60 billion worth of natural gas projects underway in the region, reported Reuters.

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