From the CEO’s desk

It has been another month of important progress for Carnarvon and our Dorado development in the Bedout sub-basin, offshore Western Australia.   Just last week, we released our resource estimate for the successful Pavo-1 discovery, which is estimated to hold 43 million barrels in gross contingent oil resources and could be developed via a tie-back to the Dorado production facilities.   Further highlighting the exciting potential of the region, we have also released an update on the Pavo South structure, which is

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Introducing Philip Huizenga – Carnarvon’s Chief Operating Officer

Carnarvon’s Chief Operating Officer (COO) Philip Huizenga joined Carnarvon in 2007 and has overseen the company’s transformation from a relatively small onshore oil producer to a successful offshore exploration and development company.   Philip joined Carnarvon as a petroleum engineer before quickly taking the reins as the company’s COO, which sees him execute the strategies the board and management team put together.  “I have oversight of all operations. The shortest way I like to explain it is, if you can sort

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Renewable diesel offers near-term emission reduction solution

The UN’s Intergovernmental Panel on Climate Change (IPCC) has released its latest report, warning rapid and deep cuts to greenhouse gas emissions are needed by 2025.  The report highlights renewable diesel as a having the potential to offer important near-term emissions reductions as it can be used as a drop-in replacement for fossil diesel, requiring no modifications to existing equipment.   The IPCC report notes that renewable diesel can help reduce emissions across existing diesel vehicle fleets,

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Bedout sub-basin under the microscope

Fresh off the Pavo discovery, PESA News also looked at the geological features of the Bedout sub-basin and what it means for plays past, present and future – covering everything from improvements in the quality of seismic data to geological probability of success and estimated recoverable volumes. Find out more here.

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Dorado – the frontier of energy security

In March CEO Adrian Cook sat down with PESA News Editor Dale Granger to discuss the opportunity Dorado and FutureEnergy Australia presents for national energy security – an issue Adrian has been championing for many years. Read the story in full here.

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Tightening supply and rising prices

With tightening global supply and rising prices, the importance of securing both near-term and long-term oil supply for Australia cannot be understated. The International Energy Agency is forecasting oil demand in 2022 to average 99.7 million barrels per day (bpd), an increase of 2.1 million bpd compared to 2021. This comes as Australia’s crude and condensate production is in a decline, dropping 10.1% in the last financial year to just 334,000 barrels per day, according to government statistics.

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Carnarvon recognises IWD 2022

On 8 March 2022 we recognised the women critical to our Company’s success, and in honour of International Women’s Day profiled geoscientist Claudia Valenti, whose work interpreting and analysing the Bedout sub-basin has helped identify opportunities. Read her story here.

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Narrogin selected as FEA biorefinery site

Carnarvon entered its renewable diesel journey last July, but progress has been rapid with a range of milestones reached to date. Read the feature in leading industry news source Upstream for a current snapshot of the project here.

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Pavo-1 hits front page news

News of the Pavo-1 discovery travelled far and wide, making headlines in the Australian Financial Review, The West Australian, featuring on Sky News and across a range of industry and trade media. See the AFR story here

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From the CEO’s desk

We’ve had an extraordinary month at Carnarvon Energy, topped by announcing our drilling campaign at the Pavo-1 well, which confirmed a significant oil discovery – the second only to our Dorado discovery in the last five years. The discovery is significant on a number of fronts, none more so than proving up the Bedout sub-basin’s working petroleum system, which has been subject to a large proportion of the Company’s exploration activity over the past 10 years. It joins a growing

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