Over the last 15 years in particular, several offshore Western Australian & Timor Sea crude oil producing facilities have been decommissioned and abandoned, or shut in with the intent of abandonment. Some of the fields associated with these shut in facilities are represented in the table below. Were these fields shut in prematurely, or could…

A quality data room is key to any successful oil and gas asset divestment or project farm-out. Potential buyers or partners make their decision whether to make an offer based on the information made available to them. It also influences their offer size and quality. Therefore, it is important to prepare an easy-to-navigate and buyer-friendly…

With 116 oil and gas exploration and production companies listed on the ASX, Petroleum Deals in Play analyses their regional focus. Australian versus International Assets Over 50% of ASX-listed oil companies focus solely on their international oil and gas projects, whereas only 24% concentrate all their efforts on Australia. 22 companies are advancing projects both…

With three Perth Basin deals announced in recent weeks, is this the start of consolidation in a basin of fragmented ownership? At the recent Good Oil Conference, Jeff Schrull, Beach Energy’s (ASX:BPT) Group Executive for Exploration & Development, presented the Perth Basin as one of Beach’s five key hubs. Beach is preparing for Beharra Springs…

When oil and gas assets are passed along to the next operator rather than decommissioned prematurely, the industry benefits from greater job retention and improved ultimate hydrocarbon recovery. There are many well known cases where potential sellers and buyers have been unable to agree terms on how to address decommissioning liabilities, but there are also…

As part of its launch, the petroDIP.com team will be in Adelaide, South Australia next week to attend the 2018 APPEA Conference and PESA Deal Day. Directors, Craig Costello and Antoine Darque will be meeting with clients and introducing petroDIP.com to buyers and sellers of oil and gas assets. Oil and gas companies can list their…

Welcome to petroDIP.com! Established as a global marketplace for oil and gas assets, opportunities on petroDIP.com can range from early exploration acreage in South America to mature operating facilities in the North Sea. At petroDIP.com, members increase their visibility of the oil and gas asset deal flow and projects gain broad exposure to a global…