Chevron Announces Natural Gas Find in Australia

Chevron Corp. CVX today announced a further drilling success in the Carnarvon Basin offshore Western Australia, Australia's premier hydrocarbon basin. The Orthrus-2 well is located in the WA-24-R permit area approximately 60 miles (100 kilometers) northwest of Barrow Island. The well was drilled to a total depth of 14,098 feet (4,297 meters). Combining both appraisal and exploration objectives, the well encountered 243 feet (74 meters) of net gas pay, of which 102 feet (31 meters) of net gas pay was encountered in a deeper, previously unexplored target interval in the Orthrus field.