Zenith Energy Australia has been awarded a contract by the Australian government to lead Phase 2 of the Northern Endeavour decommissioning program, including the permanent plugging and abandonment (P&A) of nine subsea wells in the Timor Sea. The contract, awarded following an international tender process, covers wells within the Laminaria-Corallina oil fields and represents a key stage […]
Prospective gas resources in the unrisked best estimate scenario have risen 3.7 percent from 2.75 trillion cubic feet (Tcf) to 2.86 Tcf while unrisked best-estimate prospective oil resources have increased 81 percent from 43 million barrels to 78 million barrels, the Sydney-based company said in a stock filing.