Dorado oil field set to boost WA’s oil and gas industry
October 21, 2019
A new oil field discovery brings great news to WA’s oil and gas industry
Carnarvon Petroleum’s Dorado oil field in the North West Shelf has one of the highest oil rate flows from any appraisal test spudded in the NW shelf.
“It’s going to be great for Carnarvon and Santos but with a bit of luck here, I think it’s going to be quite exciting for WA more broadly, and potentially that whole Pilbara Region” said Carnarvon Petroleum boss Adrian Cook
Dorado could be part of a new oil and gas basin and if funding goes well, the field could be in production as early as 2024.
This is a brief summary of the article “Dorado oil discovery ‘tip of the iceberg” by Stuart McKinnon in The West Australian Wednesday 9 October 2019.
Read Our Other Articles
THE REVIVAL OF THE HOUSING MARKET
The uncertain COVID-19 induced housing correction may be coming to an end for all cities except Melbourne and potentially...
Get to know our Client Advisor
Get to know our Client Advisor Introducing Christian Woodall! Efficient, ever-helpful and always upbeat, Christian brings a unique...
First gas offloaded from worlds biggest floating LNG facility
An exciting week in the world of LNG for WA as the first gas was offloaded from Shell’s Prelude...
Construction industry showing signs of recovery
Employment in construction has risen 1.5% in WA since the COVID-19 trough in April with data from the Australian...
Scarborough | A Great Place To Live And Play
“whether it is watching the sunset over the Indian Ocean, grabbing a bite at the many cafes or restaurants,...
Quick recovery could reduce Government bailout spend
The JobKeeper and JobSeeker schemes, originally budgeted to cost $130 billion with the expectation that 6 million people would...
4 reasons Australia may have a sharp but short recession.
Below are four main reasons Peter Switzer, Founder of Swtizer Financial Group believes Australia’s future economy could give way...
Clearing the way for Reside on Money
It has been an action packed week on Money Street, with an excavator on site demolishing the old house...
NATIONAL HOUSING PRICES SPIKE BEATS THE MARKET
Sydney house prices could yet again rise for the June quarter as vendors lift their asking prices faster than...
Scarborough’s facelift reaps property benefits
Scarborough's facelift reaps property benefits West Australians are rediscovering Scarborough after the $100 million redevelopment has injected new...