Australia: Triangle Energy provides update on the resources, well planning and farmout of its Cliff Head project
15 Mar 2021
Farmout campaign and well planning for Cliff Head satellite drilling ongoing
Triangle Energy has provided an update regarding its
Cliff Head project, located in
Production License WA-31-L in the Perth Basin.
Cliff Head Contingent and Prospective Resources
On 3 November 2020, Triangle announced that in light of BP s intention to cease fuel production at its Kwinana Refinery and convert the Refinery into an import terminal, the Company withdrew its Resources and Reserves estimates on the basis that the economic parameters underpinning these were now unknown.
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The Neptune-operated Dugong discovery, in Production License 882, was one of the largest discoveries on the Norwegian Continental Shelf in 2020. Neptune estimates recoverable resources to be between 40 - 120 million barrels of oil equivalent (boe).