Shark Bay, Western Australia
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
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows
15 April 2025
Australia’s East Coast Gas projections for a supply shortfall have been pushed further out, but the challenge to meet evolving gas demand and the shifting assumptions around the fundamentals remain just as stark
15 April 2025
Long-delayed prospects for onshore LNG production in Mozambique have improved thanks to US financing approval, but security challenges blight way ahead
