Exploration & Production | Deals - Joint Ventures
Buru to Join Apache and Mitsubishi in Canning Basin Exploration
Print
|
Buru Energy Limited has entered into binding agreements with Mitsubishi Corp and Apache Energy pursuant to which an Apache subsidiary will farm-in to a number of the joint venture’s exploration permits in the Canning Basin.
The permits principally cover the Goldwyer Shale areas of the joint venture’s portfolio, and are prospective for shale oil and gas as well as for conventional sandstone reservoirs, particularly in the southern areas.
Under the agreements, subject to satisfaction of certain conditions: Apache will earn a 50% interest in exploration permits 390, 471 and 473 and up to a 50% interest in exploration permit 438 (“Coastal Permits”) by agreeing to fund a A$25 million exploration program to be conducted on the Coastal Permits during 2014. Apache will be granted an option to…- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Austral-Asia News
Chevron First Quarter 2023 Results
Chevron Corp. announced its first quarter 2023 results. Highlights Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash…
Chevron Fourth Quarter, Full Year 2022 Results
Chevron Corp. reported its fourth quarter and full year 2022 results. Chevron reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with…
Chevron Third Quarter 2022 Results
Chevron Corp. reported its third quarter 2022 results. Chevron reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19…
Civeo Corp. Second Quarter 2022 Results; Raises Guidances
Civeo Corp. reported financial and operating results for the second quarter ended June 30, 2022. Bradley J. Dodson, Civeo's President and Chief Executive Officer, commented: "In the second…
Chevron Promotes Knowles to VP / Controller Role
Chevron Corp. announced the appointment of Alana K. Knowles as vice president and controller, effective March 1, 2023. Knowles will succeed David A. Inchausti, who will resign from…