Australian Worldwide Exploration

Last updated

AWE Limited
Public
IndustryEnergy
Founded1997-2018
Headquarters Perth, Australia
Products Oil, Gas
Website https://mitsuiepmidwest.com.au
Australian Worldwide Exploration Logo Australian Worldwide Exploration logo.svg
Australian Worldwide Exploration Logo

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.

Contents

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]

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References

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

5. "Australian Worldwide Exploration" . Retrieved 9 April 2019.


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