Australian Worldwide Exploration
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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.
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]
References
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External links
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- Google Finance Article