AUSTRALIA

AWE cuts guidance on BassGas delays

AWE has cut its 2012 financial year production guidance due to a delay in restarting production from the Origin Energy-operated BassGas enhancement project, which is now expected to cost $A100 million more to complete.

Marija Stojkovic

AWE was originally targeting to produce 5-5.5 million barrels of oil equivalent in FY12 but now expects production to be around 4.7MMboe. The production cut comes after the BassGas joint venture, in...

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