Natural Gas Field Found in Australia by Hess

Hess Discovers Natural Gas off Australia's Northwest Coast

By Angela Macdonald-Smith

July 21 (Bloomberg) -- Hess Corp., the fifth-biggest U.S. oil company, said it made a second natural gas discovery off the northwest coast of Australia.

The Briseis-1 exploration well found gas over a depth of 151 feet, in line with estimates before the well was drilled, New York-based Hess said in a statement on its Web site.