AUSTRALIA

Potential $550M spend in Australian waters

SHELL, CNOOC and Total have been the big winners in the latest offshore acreage release, with at least $180 million to be spent across 13 exploration permits – but this figure could balloon to $550 million over three years.

James McGrath

Potential $550M spend in Australian waters

Shell Developments Australia picked up a total of three permits on the Exmouth Plateau and northern Exmouth sub-basin. It will now have WA-489-P, WA-490-P and WA-491-P in its portfolio, with a combined...

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