BP to operate Ironbark well offshore Western Australia
Oct. 29, 2018
Cue Energy has executed an exploration agreement for the WA-359-P permit offshore Western Australia.
Offshore staff
MELBOURNE, Australia – Cue Energy has executed an exploration agreement for the WA-359-P permit offshore Western Australia.
Subject to certain conditions the company,BP, Beach Energy, and New Zealand Oil & Gas will form a joint venture in 2Q 2019 to drill the Ironbark-1 well, with BP acting as operator.
Cue currently holds 100% equity in the permit.
The company estimates potential gas resources from the Ironbark prospect at 15 tcf.
