Eagle Bay has notified its partners it intends to withdraw from Timor Sea permit ACP32. This was ...
"Our liability to jointly fund to the end of the permit year on 27 August 2002 lies between A$12,000 and A$25,000 and we await written clarification from the operator," said the company in an announcement.
The block is east of the Puffin oil discovery and contains the Magnolia structure. CPC will fund a third of the cost of 3D seismic and of the dry hole cost of one well.
The remaining partners are Norwest Energy, Bounty Oil & Gas, West Oil NL and CPC.
ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive
ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.
ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.
This industry-wide report aims to understand current cost levels across the energy industry
Copyright © 2000-2024 Aspermont Ltd. All rights reserved. Aspermont Limited (ABN 66 000 375 048), PO Box 78, Leederville, Western Australia 6902
