Santos Makes Significant Offshore Gas Discovery at Crown-1

Santos announced Monday that it has made a significant gas discovery at its Crown-1 exploration well in the Browse Basin offshore Western Australia.

Crown-1, which lies in 1,444 feet (440 meters) of water in the WA-274-P exploration permit, is sited around 311 miles (500 kilometers) of Broome and approximately 37 miles (60 kilometers) west of Inpex's Ichthys field.

Santos said in a statement Monday that wireline logging had to date confirmed 200 feet (61 meters) of net gas pay in the Jurassic-aged Montara, Plover and Malita reservoirs between 15,988 and 16,398 feet (4,873 and 4998 meters).

The company added that Crown-1 has not intersected a gas-water contact, which implies that the well has potential to yield further gas resources. Following its announcement Monday, Santos disclosed that it plans to drill Crown-1 to a proposed total depth of 17,060 feet (5,200 meters).

Santos' Head of Exploration Bill Ovenden said in a press statement that Crown-1 is an important gas discovery for the company.

"The Crown discovery is well positioned, in close proximity to existing and proposed liquefied natural gas (LNG) projects in the Browse Basin and other material exploration prospects," Ovenden said.

Santos is the operator of WA-274-P and holds a 30 percent stake in the permit. Its joint venture partners, Chevron and Inpex, hold the remaining stakes of 50 percent and 20 percent respectively.

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