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
Perth Property Market | Demand exceeds Supply
Perth’s property market, despite COVID-19, is experiencing higher demand than supply with REIWA President commenting on a reducing number...
WA CLIMBS BEST PERFORMER ON COMMSEC LEADERBOARD
WA currently leads the nation in three of eight indicators used by CommSec to measure economic strength over the...
WA props up the nation after $200 billion black hole unveiling
WA has once again helped in keeping the nation afloat with its mining investment being one of the only...
DEMAND FOR WA’S NEW HOME INCENTIVE SOARS
The Western Australian $20,000 new home incentive has been so popular that even Premier Mark McGowan believes he will...
7 reasons why WA is well positioned to bounce back from COVID-19
Finance Minister Mathias Cormann believes the WA economy will economically bounce back from COVID-19 pandemic for seven key reasons....
WA Projects set to bring in Billions
WA’s economy is looking promising with over 50 new projects set to bring in billions, with WA looking at...
September News Highlights
September News Highlights Swan river deck A river deck alongside Elizabeth Quay has been proposed by a collaboration of...
Top 10 reasons why Adelaide will emerge strong from COVID-19 shutdowns.
Among the capital cities, Adelaide’s property market is well placed to emerge from the shutdown with prospects of growth,...
Australia retains its AAA rating
Great news for Australia as it retains its AAA sovereign credit rating alongside just nine other countries through the...
PROPERTY PRICES SET TO RISE IN 2021
The Australian residential real estate market should begin to rise in the second half of next year following a...