GAS

Clio looks sweet for Chevon

GORGON operator Chevron has announced its second major gas discovery in the space of a few months...

Clio looks sweet for Chevon

Chevron said the Clio-1 wildcat, drilled in 960m of water, was completed in September. It found 190m of new gas sands in the Mungaroo Formation, making it “one of the top wells in Australia in terms of total net gas pay”, according to Chevron.

The 3.5 trillion cubic feet (Tcf) Pluto field, discovered by Woodside Petroleum last year, revealed 111m of net gas pay during drilling.

The WA-205-P discovery follows Chevron’s Chandon-1 gas find in nearby WA-268-P in July.

Resource size estimates for both Clio and Chandon are still yet to be released, but outside observers have speculated that Chandon could be in the order of 4Tcf.

That would mean the find, which is close to the giant Jansz field and could be tied back to the Gorgon project, could even be bigger than Woodside Petroleum’s 3.5Tcf Pluto discovery.

Clio is not only huge but its gas appears to be low in CO2, perhaps offering a way to start the Gorgon LNG project before CO2 geosequestration problems have been resolved.

Chevron will start seismic in mid-December to better define the discovery and options for how to develop the field.

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry