Dorado project to help Australia maintain major condensate supplier status in Asia

Carnarvon is looking forward to adding to Australia’s ultra-light crude supply pool with the Front End Engineering and Design (FEED) progressing for its premier Dorado project. FEED contracts were awarded for the project’s Floating Production, Storage and Offloading (FPSO) and Well Head Platform to Altera Infrastructure and Sapura Energy last month. These contracts are significant milestones for the Dorado liquids project development, which will have an initial production rate of up to 100,000 bbl/d commencing 2026. An S&P Platts report

Read More

Rig contract signed for Buffalo-10 well, drilling commencing in November 2021

On 1 September 2021, we announced that we had secured the Valaris JU-107 jack-up drilling rig for the Buffalo-10 well. Once the rig completes its current drilling operations for Jadestone, it will move ~300km across to the Buffalo-10 well location. Buffalo-10 will be targeting the undrained attic and remaining oil columns in the Elang formation. The remaining recoverable 2C resource estimate is 31 mmbbl on a gross basis. At this stage, the timeframe for spudding the well is early November

Read More

Carnarvon kicks off 2021 RIU Good Oil Gas Energy Conference

Carnarvon’s Chief Financial Officer Thomson Naude took center stage at this year’s RIU Good Oil Conference. Good Oil is Australasia’s preeminent oil and gas investment conference for junior and emerging ASX-listed exploration and production companies. This year’s event attracted around 350 delegates and 25 exhibitors. Thomson was the first of more than 20 speakers representing different upstream oil and gas companies. Central to Thomson’s presentation was the upcoming drilling campaign starting in November 2021 with Buffalo-10, followed by high-impact Bedout

Read More

From the CEO’s desk

Last week we released our 2020-21 Annual Report capping off an exciting year of progress for the Dorado field development, the Buffalo field redevelopment and further exploration initiatives in the highly prospective Bedout basin.  It also outlines our Net Zero by 2050 commitment, which has formed the basis for an exciting new joint venture with Frontier Impact Group. The joint venture will be developing a commercial and scalable renewable fuels business right here in Western Australia. Forbes commented on the strengthening oil market with prices having several strong weeks of

Read More

Meet Adam Kong

We are excited to welcome Adam Kong as our most recent appointment, joining the Carnarvon team in the new role of Corporate Development Manager. Adam started his career at Senex Energy as a reservoir engineer, where he was responsible for field development, reserves and resource estimation and maturation of its onshore oil, gas, and unconventional resources fields. He transitioned into corporate and commercial roles and later rose to the position of Business Development Manager with responsibilities of managing M&A and

Read More

Commodity price trends upwards

Commodity prices continue to rise as the Brent global benchmark advances to near $US75 a barrel. Within only a few months, the continued rise of commodity prices has confirmed the predicted trajectory with the Bank of America which estimated that oil could hit US$100 a barrel next year. While the immediate result is good news, the knock-on effect, which we are already starting to see, is a demand on the market that has never been felt before. Industry commentators shared

Read More

Our part in the global energy transition

It seems that in the news almost every week, we read or see new stories about how our industry is proactively looking to drive change as the world decarbonises and transitions to sustainable energy sources. From setting targets for operating with net-zero emissions, to investing in new technologies and alternative fuel projects, the attention and focus on our industry to lead the change has never been greater. At Carnarvon, we are well aware of this shift and the important balance

Read More

Progress continues in the Bedout Basin

The exploration potential in the Bedout Basin acreage continues to be matured, with new seismic data indicating unique favourable geological features and 12 main plays with multi-billion boe potential. A new seismic survey covering approximately 1,600 km2, that included the Dorado field and surrounding prospects, was recently completed. A second seismic survey is in progress that will cover the hydrocarbon migration pathways from interpreted source kitchens, which have only been assessed by 2D seismic to date, into our WA-436-P permit.

Read More

Jack-up rig agreed for Buffalo

This week we were pleased to announce that a jack-up drilling rig for the Buffalo-10 well has been selected, a significant milestone for the re-development of the Buffalo field. We expect to take possession of the rig upon completion of its current drilling operations, planned to occur at the end of October this year. The Buffalo field provides an excellent opportunity to quickly deliver a low-cost oil development that is poised to take advantage of the strengthening oil market and

Read More

Dorado launches FEED

We were extremely pleased to announce a significant update on Dorado this week, along with our joint venture (JV) partner Santos. The decision to launch the Front-End Engineering and Design (FEED) has us on track to build the first development in the Bedout Sub-basin, offshore Western Australia. As has been well documented, Dorado is a world-class oil resource, located in a shallow-water setting, with an initial oil production potential of 75,000 – 100,000 bbl/d gross. Notable in the Dorado reservoirs

Read More