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
New in the neighbourhood
I spy with my little eye, something beginning with … COFFEE. That’s right, your daily ritual is now in...
WA leads way in lifting COVID-19 restrictions
NSW Premier Gladys Berejiklian recently announced a wide-scale easing of COVID-19 restrictions for the state to get the economy...
Niche property assets
Investors risks may be higher due to the pandemic and current recession however the rewards for those willing to...
WA | back on track
The first WA State Budget surplus in 5 years of $553 million and a $4.1 million reduction in State...
Australia and WA | strong population growth
WA is projecting strong long-term population growth which is an important indicator positively supporting Perth’s property market, both in...
Key indicators of Perth’s recovering property market
Perth’s tightening rental market combined with strong population growth provide two of the best key indicators to date confirming...
Export dividends to rejuvenate WA’s economy
Great news for WA as US based energy giant Chevron finally sealed its position as a long-term powerhouse in...
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...
A strong finish for housing values in 2019
Recent data from CoreLogic’s national home value index shows housing values continue to rise in Perth with a 1.1%...
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....