However, the regulator said it will close the platform if there was any risk of adverse weather, such as cyclones.
Staying in WA, the state could find itself with a new offshore oilfield, after joint venture partners in the Mutineer-3 (WA-191P) said they would begin production testing this week.
Further north in the Timor Sea, Japan's INPEX Corporation, has confirmed a large natural gas accumulation in an offshore block off the coast of Indonesia.
Coalbed methane hopeful CH4 has announced the tripling in reserves within one of its petroleum lease in the central Queensland coal fields.
In the markets, energy player City View told the market a $3 million loan to a former director's IT business may not be paid in full.
While that IT outfit was a source of concern, a fledging WA software company has won a big design and upgrade contract from Woodside Petroleum.
After announcing another increase in quarterly profit, rural conglomerate Wesfarmer said it may take another look at AlintaGas when key stakeholders in the gas distribution put their stake up for sale.
In the same breath, Wesfarmers said it could close its Kwinana LPG extraction plant if Woodside and its North West Shelf Partners decide to withhold the gas for export rather than direct its to Perth.
Perth brokerage house DJ Carmichaels recommends share investors take a look at Turkish-focused Amity Oil if it is trading below 65c.
Bligh Oil & Gas is looking to new horizons and a new name. From now on the junior explorer will be known as Horizon Oil NL.
According to CSIRO, only a radical shift in the energy mix will Australians will help to avoid painful lifestyle changes as the country struggles to meet its Kyoto obligations. The CSIRO report said radical measures such as petrol rationing and "energy units" given to each person could be in the offing.
Overseas, under pressure from human rights groups and shareholders, Canadian oil giant Talisman Energy has decided to exit the war-torn nation of Sudan. Into the hot seat will come the Indians, who are looking to diversify their energy supply.
While Australian struggles with greenhouse emissions, China has said it will spend billions in order to double that nation's hydroelectric capacity by 2010. Beijing wants hydro to meet 30% of that nation's electricity demand.
After many years of negotiations, Royal Dutch/Shell has reached an agreement with the China National Offshore Oil Corporation to build a multi-billion petro-chemical plant in Guangdong.
European oil giant BP has agreed to buy up to a million tonnes of carbon reduction units from an Australian firm under the conditions set out in the Kyoto Protocol.
