Latest Australian Oilfields News

Bass Oil’s March production faced Cooper Basin setbacks from heavy rains and storage limits, but trucking resumed in April with strong prices. Indonesian output remained steady with a sharp 47% price rise. The company is progressing its Vanessa gas field acquisition and Kiwi development with government backing.

Bass Oil Limited reported steady April production and a strategic acquisition of the Vanessa gas field, positioning itself for future gas market entry.

Finder Energy reports excellent progress on its Ikan 3D seismic reprocessing project, with imaging results exceeding expectations and the project on track for completion by end Q1 2025. The enhanced data aims to optimise development wells and de-risk exploration targets, potentially unlocking significant value.