Oil

Oil and gas discoveries hit four-year high

Oil and gas companies discovered 12.2 billion barrels of oil equivalent (boe) in 2019, the highest volume since 2015, according to estimates from Rystad Energy. There were 26 discoveries of more than 100
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Oil Search takes PNG, Alaskan exploration further

Oil Search has continued drilling at the Gobe Footwall 1 exploration well in PDL 4 in Papua New Guinea heading into 2020. The company focussed drilling through the Darai Formation in a 12.25-inch hole,
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Central Petroleum sets up NT farm-out agreements

Central Petroleum has taken a key step towards securing partners for its 2020 exploration program at a range of Northern Territory oil and gas projects. The company has appointed Flagstaff Partners
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AusNet shares

Tap Oil surrenders interest in WA lease

WA-34-R, a retention lease in the Bonaparte Basin, contains the Prometheus/Rubicon gas fields that were discovered in June and December 2000, respectively. Tap holds a 12 per cent participating interest.
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Triangle resumes Perth Basin production

The CH-13 well in the Perth Basin returned to production on December 13 following the installation of an electric submersible pump (ESP) replacement. The well has since been tested over the past weekend.
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Whitebark takes total ownership of Wizard Lake

According to Whitebark, the Wizard Lake oilfield will give the company an opportunity to optimise development for shareholder value and build a platform for growth. The recent drilling success at Wizard
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