Latest Field Development News

Finder Energy’s KTJ offshore development in Timor-Leste has achieved a key milestone with an independent classification of 22.2 million barrels of 2P reserves, underpinning its push toward a Final Investment Decision.

Karoon Energy's Who Dat East Joint Venture has given the green light to develop the Who Dat East field in the Gulf of America, aiming for production start in the second half of 2028 with attractive economics.

Finder Energy has secured key regulatory approval for its KTJ Project in Timor-Leste and raised $27 million to advance development, positioning for a Final Investment Decision in Q3 2026.

Cavalier Resources has lifted the net present value of its Crawford Gold Project by 50%, securing a $23 million financing package and advancing pre-production activities as it moves closer to development.

Bass Oil reported a 132% jump in quarterly oil sales revenue to A$2.67 million, driven by steady production and higher prices. The company completed its Vanessa gas field acquisition and is advancing drilling at Bunian 6, aiming to double production by late August.

Jupiter Energy maintained steady oil production and reported US$2.18 million in domestic sales for Q2 2026, with all output sold to Kazakh refineries and no exports during the quarter.

Bass Oil reported a 3% production increase in June 2026, driven by Indonesian output and Cooper Basin gains. The Bunian 6 well drilling is underway, expected to double group production, while the Vanessa gas field acquisition opens new gas sales and commercialisation pathways.

Finder Energy is fast-tracking its Kuda Tasi & Jahal offshore development in Timor-Leste, aiming for first oil by late 2027 or early 2028 with strong production forecasts and secured funding.

Pancontinental Energy progresses its Namibian PEL 87 exploration with a seismic reprocessing study and farmin discussions, while neighbouring operators report promising discoveries and development plans in the Orange Basin.

Australian Oil Company (ASX:AOK) is ramping up activity in Queensland's Surat Basin, engaging Energetica Consulting for independent resource assessments and pushing production restarts at Emu Apple and Riverslea fields.

ADX Energy has increased its Austrian production by 35% following a behind pipe perforation program on two Vienna Basin wells, adding 75 barrels of oil equivalent per day. Plans for further drilling in 2027 aim to build on this momentum.

Finder Energy has secured regulatory approval for its Kuda Tasi and Jahal offshore development in Timor-Leste, significantly advancing the project towards a final investment decision and first oil by 2028.