Adrian Cook, CEO of Carnarvon
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
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
