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
25 July 2025
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand