AUSTRALIA

Beach and 3D complete farm-in

A FARM-IN deal between Beach Energy and 3D Oil in June has reached completion, with the joint venture now eyeing its development plans for the T/49P permit offshore Tasmania.

Andrew Snelling

Beach paid 3D Oil $3 million for a 20% stake in the permit and has now joined the company in discussions with other potential JV partners. T/49P is considered highly prospective for gas and is located...

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