Woodside finds new gas off Barrow Island

Woodside Petroleum have announced a new gas discovery off the West Australian coast to the ASX this morning.

The Pyxis-1 exploration well has intersected 18.5 metres of net gas in Jurassic sandstone with a total depth of 3347 metres, 15 kilometres north of the Pluto gasfield infrastructure.

Woodside executive VP global exploration Philip Loader said the new discovery had potential to be tied back to the existing Pluto infrastructure thanks to the close location to Barrow Island, which lies in the WA-34-L production licence.

Woodside Burrup is the operator and 90 per cent equity owner of the licence, with the reminder held by Kansai Electric Power Australia and Tokyo Gas Pluto.

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