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Chevron Confirms Fire Incident On Rig Offshore Nigeria
Date: 16 Jan. 2012
SAN RAMON, Calif.--(BUSINESS WIRE)--Jan. 19, 2012-- Chevron Corp. (NYSE: CVX) today announced a natural gas discovery by its Australian subsidiary in the Exmouth Plateau area of the Carnarvon Basin, offshore Western Australia.
The Satyr-3 well encountered approximately 243 feet (74 meters) of net gas pay. The well is located 113 miles (182 kilometers) north of Exmouth in the WA-374-P permit area, and was drilled in 3,688 feet (1,124 meters) of water to a depth of 13,369 feet (4,075 meters).
George Kirkland, vice chairman, Chevron Corporation, said, Satyr-3 represents our thirteenth offshore discovery in Australia since mid-2009. This recent discovery reinforces the quality and value of our Australian exploration lease holdings in the Carnarvon Basin.
Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company, said, The Satyr-3 discovery adds to our Australian resource base, further supporting our long-term plans to position Chevron as one of the world's leading LNG suppliers.
Chevrons Australian subsidiary is the operator of the WA-374-P permit area and holds a 50 percent interest, with Exxon Mobil and Shell each holding 25 percent.
Chevron is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company's success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Every effort is being made to find the missing workers. They are our
utmost priority, said Andrew Fawthrop, managing director, Chevrons
Nigeria/Mid-Africa Strategic Business Unit. We do not know what caused
the incident. We are working diligently to contain the fire, which is
restricted to the rig. Substantial resources have been deployed
including well control specialists and drilling experts. We continue to
work in full cooperation with Nigerian authorities and are committed to
providing additional information as it becomes known.
Production from Chevrons North Apoi platform was shut in due to its
proximity to the incident.
Additional updates on the incident are available at Chevron
Updates.
Chevron is one of the worlds leading integrated energy companies, with
subsidiaries that conduct business worldwide. The company is involved in
virtually every facet of the energy industry. Chevron explores for,
produces and transports crude oil and natural gas; refines, markets and
distributes transportation fuels and lubricants; manufactures and sells
petrochemical products; generates power and produces geothermal energy;
provides energy efficiency solutions; and develops the energy resources
of the future, including biofuels. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com.
Chevron Corporation press release
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