Santos makes Australasia progress
New discovery bolsters frontier WA basin’s prospects, while a PNG project also inches forward
ASX-listed Santos has made another “significant oil discovery” near its Dorado development off the coast of Western Australia (WA), which should further improve the viability of the Bedout basin for wider development. And it has also advanced a previously stalled Papua New Guinea (PNG) gas project, albeit the lead time for its realisation still looks concerningly long in an energy transition world. The Australian independent found success with its Pavo-1 exploration well, which is located around 46km east of the Dorado field. Santos says the new discovery is “similar” and “de-risks” the ongoing Dorado development. Pavo-1’s 2C resource is assessed at 43mn bl. The operator expects Pavo-1 “to s
Also in this section
2 May 2024
Faster-than-expected economic growth fails to mask macro imbalances and shifting structural oil product trends
1 May 2024
Energean CEO Mathios Rigas looks to results of critical Anchois appraisal well
30 April 2024
While its regional neighbours reap the rewards of oil and gas success, Iraq’s hydrocarbons sector is lagging behind
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust