Santos Discovers Gas In Browse Basin
August 12 2009 - 8:08PM
Dow Jones News
Santos Ltd. (STO.AU) said Thursday that it has struck gas in the
prolific Browse Basin offshore Western Australia state, and it is
working to see if the find is commercial.
Adelaide-based Santos said the Burnside-1ST1 exploration well
hit a 65-meter gas column, noting the geology was the same as
nearby gas fields including Ichthys being developed by Japan's
Inpex Holdings Inc. (1605.TO)
"An appraisal plan will be developed to define the size of the
resource," said Trevor Brown, Santos's vice-president of
exploration.
The well was drilled in 215 meters of water in the WA-281-P
permit.
Santos has a 47.8% interest in the permit and acts as operator.
Other shareholders are Chevron Corp. (CVX), Inpex, and Beach
Petroleum Ltd. (BPT.AU)
-By David Winning, Dow Jones Newswires; +61-2-82724688;
david.winning@dowjones.com
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