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
Restrictions lifted and a flattened curve makes WA the best place to be right now.
WA Premier Mark McGowan is eager to get West Australians back to work after releasing the states highly anticipated...
Critical minerals put WA on the map
A previous post covered the USA’s interest in WA’s critical minerals. https://griffin-group.com.au/news/potential-usa-trade-deal-to-create-6000-jobs/ Another recent article in The West touches...
WA HOT PROPERTY BOOM TO LAST YEARS
Experts are signalling WA property prices are tipped to continue rising for several years, with the sector sitting in...
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...
WA CONTINUES TO KEEP THE NATIONAL ECONOMY STRONG
WA has recently been viewed as a drag on the ‘national interest’ of Australia due to the state’s hard...
Perth | luxury housing market among world’s best
Perth has been ranked among the top 23 cities in the world for luxury property market growth in Knight...
WA house price increases despite pandemic fears
The Real Estate Institute of WA (REIWA) has stated the index for Perth’s house prices has remarkably increased by...
OVER 10% OF THE CONSTRUCTION PHASE IS COMPLETE
Griffin’s first energy efficient (clean technology) project, Reside on Money in the heart of Northbridge commenced construction in April....
WA’S HARD BORDER HAS KEPT THE NATION GOING
WA was the only economy to see any growth for the last financial year with a 1.1% rise meaning...
WA IS AHEAD OF THE VIRUS – $1 BILLION AHEAD TO BE EXACT
The WA mining industry’s success in trading continuously through the coronavirus pandemic could give WA a market advantage by...