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
AUSTRALIA HITS GOLD PRODUCTION MILESTONE
Australia’s gold production hit a record high milestone producing 328 tonnes in the first six months of this year...
Statistics indicate increased confidence in WA’s property market
More good news for WA’s property market with fresh data from the ANZ/Property Council Survey revealing that confidence is...
Lunching for a cause
The Griffin team with ABN Group Director Dale Alcock as their special guest, attended the 10th anniversary of the...
Millennials jumping into the property market
Young Western Australian‘s have experienced a significant savings boost due to the lock down measures decreasing their spend on...
WA economy back on track
Premier, Mark McGowan believes WA is “on the cusp of great economic activity”. The state has entered into a...
Perth is hot property
Fresh research from Peard Real Estate shows that Perth is ripe for investment as evidenced by the 100% increase...
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...
$2.4 billion set for infrastructure projects
The State Government is fast tracking tenders for $2.4 billion to kickstart multiple transport infrastructure projects guaranteeing small and...
Return of consumer confidence in Australia
“The return of consumer confidence, high household savings, and a decline in the number of people on JobSeeker are...
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...