Equinor cancels Great Australian Bight exploration plan
Feb. 25, 2020
Equinor has discontinued its exploration drilling plan for the Stromlo-1 well in the Ceduna sub-basin, offshore south Australia.
(Courtesy Equinor)
Offshore staff
STAVANGER, Norway – Equinor has discontinued its exploration drilling plan for the Stromlo-1 well in the Ceduna sub-basin, offshore south Australia.
Jone Stangeland, Equinor’s country manager for Australia, said: “The approval of the Stromlo-1 exploration well environment plan confirmed our ability to safely operate in the Bight. However, Equinor has decided to discontinue its plans to drill the Stromlo-1 exploration well, as the opportunity is not commercially competitive.”
The company has informed the federal, south Australian, and local authorities about its decision. It entered the licenses in the Ceduna sub-basin as a partner in 2013 and took over as operator with a 100% equity share in 2017.
