Announcing the deal Wednesday, Santos said the acquisition would boost its production by 32%.
Private player Quadrant Energy proved up an oil find off Western Australia earlier in August with partner Carnarvon Petroleum. The Dorado well has been described as the country’s most prospective discovery in decades.
Quadrant also contributes around 20% of Australia gas supply.
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Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
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