Woodside Makes Gas Discovery at Xeres Well

Woodside Petroleum announced that a gas discovery was made in the Xeres-1 well in permit WA-34-L in the Carnarvon Basin, Western Australia.

The well, reaching a total depth of 10,778 feet (3,285 meters), intersected about 167 feet (51 meters) of gross gas within the Triassic target. The discovery was confirmed by wireline logging, including the establishment of a gas pressure gradient and the recovery of gas samples to surface, stated the operator.

Woodside has a 100% equity interest in the Xeres-1 well and Woodside's joint venture participants in WA-34-L, Tokyo Gas and Kansai Electric, each have the right to acquire a 5% equity interest in the well.3285