Oil

FAR secures offtake with Glencore for Sangomar oil

FAR has signed a memorandum of understanding (MoU) with Glencore Energy for the full allocation of its crude oil from the Sangomar oil field development offshore Senegal. The agreement with Glencore provides
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Rincon well appraisal program reaches conclusion

PEL 92 joint venture partners Beach Energy and Cooper Energy have completed a two-well appraisal program of the Rincon oil field in the Cooper Basin, South Australia. The Rincon campaign was designed to
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Santos efficiency guides annual production record

Santos has delivered record annual production across its operations in 2019, as well as a lower unit production costs attributed to the effectiveness of the company’s disciplined, cash generative operating
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Carnarvon builds on Dorado success

Carnarvon Petroleum has marked the beginning of a company transformation after a successful 2019 that included encouraging results from its Dorado asset and Buffalo project. The company reported that flow
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BHP petroleum output hit by storms and maintenance

BHP has reflected on a second half of 2019 where its petroleum output decreased by 9 per cent, while it also looks ahead to growth opportunities in this area of the company. The company, with operator
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Metgasco executes farm-out agreement for Cervantes

Metgasco has executed a re-stated L14 Western Flank farm-out agreement with Vintage Energy and Jade Energy subsidiary RCMA Australia. The re-stated farm-out agreement has been executed as per the conditions
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FAR secures Sangomar final investment decision

FAR has taken the final investment decision (FID) and received final credit approvals for an underwritten $US300 million ($436.3 million) senior secured reserve-based lending (RBL) facility for the Sangomar
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Bass hits oil production record

Australian-based, Indonesian oil producer Bass Oil has reported a production record in December 2019 at its 55 per cent owned Tangai Sukanati KSO project. Located in the South Sumartra Basin, the facility
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Natural gas

Bounty begins 2020 exploration program

Bounty Oil & Gas has commenced the 2020 oil appraisal and exploration program at the Naccowlah Block in the Cooper-Eromanga Basins in Queensland. A further well, Jarrar 6, 18km southwest of the Jackson
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Ungani oil joint venture raises the bar

Buru Energy and Roc Oil have recorded the largest lifting of crude oil to date at the Ungani joint venture in Western Australia with 78,000 barrels. The field, 90km east of Broome at the Onshore Canning
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