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Country summary: Australia

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Australia - recent news

19 May 25
Australia: Korea National Oil Corporation to join Otway gas hunt
3D Energi has announced that the Korea National Oil Corporation (KNOC) will enter the joint ventures with 3D Energi and ConocoPhillips Australia (COPA) in the Otway exploration permits VIC/P79 and T/49P, subject to regulatory approvals.
15 May 25
Australia: One hull of a milestone Scarborough's FPU
The Scarborough Energy Project has achieved a major engineering milestone with the joining together of the topsides and hull for the Floating Production Unit (FPU). The Scarborough Energy Project is set to produce up to 8 million tonnes of LNG per year and contribute up to 225 terajoules a day of domestic gas supply into the Western Australian market.
14 May 25
Australia: Tamboran finalizes the checkerboard of Beetaloo Basin blocks and announces US$15 million acreage sale to Daly Waters Energy
Tamboran and Daly Waters Energy, LP (DWE) have signed a binding agreement to finalize the checkerboard of the joint acreage position across EPs 76, 98 and 117. Tamboran and DWE have entered into a binding agreement whereby DWE will acquire a non-operating and non-controlling interest across 100,000 acres within two areas of Tamboran’s post-checkerboard acreage position for a consideration of US$15 million.
14 May 25
Australia: Falcon Oil & Gas provides Beetaloo operational update
Falcon Oil & Gas reports the commencement of flow testing at the Shenandoah S2-2H ST1 ('SS-2H ST1') well in the Beetaloo Sub-basin, Northern Territory, Australia, and looks forward to updating the market on the flow test results as soon as they become available.
14 May 25
Australia: Empyrean Energy announces update on the Wilson River-1 well
Empyrean Energy has provided an update on the Wilson River-1 well. The final well testing report confirms the recovery of formation water from the Murta Formation in the Wilson River-1 well. As a result, a decision has been made to plug and abandon the well and the rig has been released.

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