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.
 | |
| Company type | Public |
|---|---|
| Industry | Energy |
| Founded | 1997-2018 |
| Headquarters | Perth, Australia |
| Products | Oil, Gas |
| Website | https://mitsuiepmidwest.com.au |
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
editFrom 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
edit- ^ "Group Companies | Mitsui E&P Australia - Mitsui & Co. (Australia) Ltd". www.mitsui.com. Retrieved 10 April 2019.
- ^ Cook, Tracey (22 October 2006). "Oil, Gas Sector Tipped as Next Cab Off Merger Rank". Australasian Business Intelligence.
- ^ "Mitsui & Co". www.mitsui.com. Retrieved 10 April 2019.
- ^ "Announcements Search Results". www.asx.com.au. 4 January 2011. Retrieved 10 April 2019.
- ^ "BassGas Project - Offshore Technology | Oil and Gas News and Market Analysis".
- ^ "Henry and Netherby Gas Fields, Otway Basin". Offshore Technology | Oil and Gas News and Market Analysis. Retrieved 9 March 2020.
- ^ "History of oil and gas in the Perth Basin". Mitsui E&P Australia in the Mid West. Retrieved 9 March 2020.
- ^ "Mining Exploration News - Australia & SE Asia". www.miningandexploration.com.au. Retrieved 18 April 2019.
- ^ "AWE Acquires Stake in VIC P/44 Offshore Australia". www.rigzone.com. Retrieved 23 April 2019.
- ^ "AWE takes a stake in Casino gas field". www.energynewsbulletin.net. 15 July 2003. Retrieved 9 April 2019.
- ^ "AWE expects production from Tui oil field at midyear". www.ogj.com. 4 April 2007. Retrieved 18 April 2019.
- ^ "AWE, NZOG, PPP to Acquire Mitsui 35% Stake in Tui Area Oil Project". www.rigzone.com. Retrieved 18 April 2019.
- ^ "Indonesia". smartraveller.gov.au. Retrieved 12 April 2019.
- ^ "Indonesia Tourism Investment". indonesia-tourism-investment.com. Retrieved 12 April 2019.
- ^ "Australian World Wide Exploration Limited (AWE)". deListed Australia. deListed. Retrieved 8 April 2019.
- ^ "Waitsia Gas Project Exceeds Pre-Production Expectations". www.rigzone.com. Retrieved 14 April 2019.
- ^ "About AWE". About AWE | AWE Limited. Retrieved 14 April 2019.
5. "Australian Worldwide Exploration". Retrieved 9 April 2019.
External links
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