Chevron Corporation reported further drilling success by its Australian subsidiary in the Exmouth Plateau area, located in the Carnarvon Basin.

The Elfin-1 exploration discovery well encountered approximately 132 feet (40 meters) of net gas pay in the upper Mungaroo sands. It is Chevron's 21st discovery offshore western Australia since mid-2009.

Located in the WA-268-P permit area, the well is located approximately 106 miles (170 kilometers) northwest of Barrow Island and was drilled in 3,570 feet (1,088 meters) of water to a total depth of 11,909 feet (3,630 meters).

"Elfin-1 is a demonstration of our continued industry leading exploration success," said George Kirkland, vice chairman, Chevron Corporation. "These discoveries build a platform for future growth for Chevron."

Melody Meyer, president, Chevron Asia Pacific Exploration and Production Company said, "This remarkable series of exploration discoveries in the Carnarvon Basin has created a robust gas portfolio in Australia. The growth of this portfolio positions the company to supply future LNG demand in the Asia Pacific region."

Tags: Chevron Corporation