Australia’s Dorado oilfield set for 2026 startup
The field is one of more than 100 potential prospects in the Bedout basin, says Carnarvon CEO Adrian Cook
The Dorado oilfield in Western Australia’s (WA’s) Bedout basin is on track for FID this year and first production in early 2026, Adrian Cook, CEO of Australian independent Carnarvon, tells Petroleum Economist. The field will initially produce 75,000-100,000bl/d and would pay back its capital investment within 12 months at current oil prices, he continues. That expected quick return on investment is a major benefit for Dorado. And global concerns about security of fuel supply will also help the development, Cook says. Dorado will use a floating production, storage and offloading (FPSO) vessel, and its crude is likely to go to Singaporean refineries as BP has closed the Kwinana refinery near P
Also in this section
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region
14 May 2024
The former CEO of Pioneer, Scott Sheffield, has opened a can of worms through his association with OPEC+ and its market management strategy
13 May 2024
OPEC+ has huge amounts of spare capacity amid a tightening market, but nothing can be taken for granted given unclear economic trajectories and geopolitical unrest
13 May 2024
But optimism about island nation checked by competition around African upstream investment and history of false dawns