Woodside Petroleum Ltd (ASX:WPL) has discovered gas at its well in the Carnarvon Basin in Western Australia.
The company says the discovery has been confirmed by wireline logging, including the establishment of a gas pressure gradient, and the recovery of gas samples to surface.
The nation’s second biggest oil and gas producer has full equity interest in the well.
In the 2010 financial year, Woodside Petroleum generated a net profit of $1.5 billion.
