Australian Worldwide Exploration Explained

AWE Limited
Type:Public
Foundation:1997-2018
Location:Perth, Australia
Industry:Energy
Products:Oil, Gas
Homepage:https://mitsuiepmidwest.com.au

AWE Limited (AWE)[1] is an oil and gas producer with proven resources in Australia, Indonesia and New Zealand.[2] Since May 2018, it has been a wholly owned subsidiary of Mitsui & Co., Ltd. (Japan)[3] and has been delisted from the ASX.[4] Mitsui E&P Australia Pty Ltd and AWE Limited are now sister companies working under the single brand of Mitsui E&P Australia (MEPAU) to reflect the combined businesses.

The company's assets currently include the BassGas project in Bass Strait, Tasmania,[5] the Casino gas project in Otway Basin,[6] Victoria, and onshore Perth Basin interests in Western Australia.[7]

Corporate history

From January 2000 to November 2009, the official company name was Australia Worldwide Exploration Ltd.

In early 2001 AWE acquired 44.5% of the undeveloped Yolla field in Bass Strait.[8]

In mid 2003, AWE acquired a 25% interest in VIC/P44.[9] Transaction included the Casino gas field which was brought into production in 2006.[10]

Tui Area, acquired in 2006, started oil production on July 30, 2007.[11] In December 2013 company purchased an additional 15% interest in the Tui area oil project.[12]

In 2006 AWE opened an office in Indonesia[13] to review exploration and potential development opportunities. AWE's first drill in the Bulu basin took place in early 2008. In early 2012, AWE purchased a 100% interest and operatorship of two Indonesian Production Sharing Contracts: Ande Ande Lumut (AAL) oil field and the Anambas gas.[14]

In August 2008 company merged with ARC Energy gaining additional equity in the BassGas and Cliff Head projects.[15]

AWE Limited (AWE) was created on 25 November 2009.

On Thursday (December 22, 2016), AWE Limited stated that the performance of Stage 1A of Waitsia gas project surpass pre-production expectations.[16]

AWE is now a wholly owned subsidiary of Mitsui & Co., Ltd and has been delisted from the ASX.[17]

References

5. Web site: Australian Worldwide Exploration . 2019-04-09.

External links

Notes and References

  1. Web site: Group Companies Mitsui E&P Australia - Mitsui & Co. (Australia) Ltd.. www.mitsui.com. 2019-04-10.
  2. News: Cook. Tracey. Oil, Gas Sector Tipped as Next Cab Off Merger Rank. 22 October 2006. Australasian Business Intelligence.
  3. Web site: Mitsui & Co.. www.mitsui.com. 2019-04-10.
  4. Web site: Announcements Search Results. 2011-01-04. www.asx.com.au. 2019-04-10.
  5. Web site: BassGas Project - Offshore Technology | Oil and Gas News and Market Analysis.
  6. Web site: Henry and Netherby Gas Fields, Otway Basin. Offshore Technology Oil and Gas News and Market Analysis. en-GB. 2020-03-09.
  7. Web site: History of oil and gas in the Perth Basin. Mitsui E&P Australia in the Mid West. en-AU. 2020-03-09.
  8. Web site: Mining Exploration News - Australia & SE Asia. www.miningandexploration.com.au. 2019-04-18.
  9. Web site: AWE Acquires Stake in VIC P/44 Offshore Australia. www.rigzone.com. en. 2019-04-23.
  10. Web site: AWE takes a stake in Casino gas field. 2003-07-15. www.energynewsbulletin.net. en. 2019-04-09.
  11. Web site: AWE expects production from Tui oil field at midyear. www.ogj.com. 4 April 2007 . 2019-04-18.
  12. Web site: AWE, NZOG, PPP to Acquire Mitsui 35% Stake in Tui Area Oil Project. www.rigzone.com. en. 2019-04-18.
  13. Web site: Indonesia. smartraveller.gov.au. en. 2019-04-12.
  14. Web site: Indonesia Tourism Investment. indonesia-tourism-investment.com. 2019-04-12.
  15. Web site: Australian World Wide Exploration Limited (AWE) . deListed Australia . deListed . 8 April 2019.
  16. Web site: Waitsia Gas Project Exceeds Pre-Production Expectations. www.rigzone.com. en. 2019-04-14.
  17. Web site: About AWE. About AWE AWE Limited. 2019-04-14.

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